The child care industry is big business in the United States. According to Dun & Bradstreet's "first research" ,there are approximately 56,000 commercial facilities with annual revenues of $25 billion, plus another 21,000 facilities run by nonprofit organizations with combined revenues of $15 billion. All together, the industry represents more than $40 billion in revenue annually.
The U.S. child care market is expected to grow at a compound annual growth rate of 3.9% through 2027 according to Grandview Research.
What does this mean? Early childhood education and care is one of the fastest growing industries in the United States. The country and its leaders have begun to realize its essential role in the rebuilding and sustaining a strong economy. All this adds up to the opportunity to be a part of this successful, noble field while doing something you love.
Covid-19 has impacted the child care landscape significantly over the last several years. A Wall Street Journal article from November 2021 points out that, in this $40 billion annual industry, many stand alone and small child care centers have closed while the larger systems with established educational focuses have long waitlists.
All of this points to the high demand for quality child care.
We believe now is a great time to enter the market! With the training and systems developed by The Global Child™ team, this is your chance to join a growing industry and be trained by the right people who will set you up for success, and support you every step of the way.