“Last night, at Robin Hood’s annual benefit to support poverty-fighting efforts in New York City, Robin Hood, New York City Mayor Eric Adams, and venture capitalist Alexis Ohanian announced the formation of a $100 million Child Care Quality & Innovation Initiative for New York City. The initiative includes $50 million from Robin Hood – including a $25 million donation from Alexis Ohanian’s 776 Foundation – and a $50 million commitment from New York City.”
“The Child Care Quality & Innovation Initiative will seek to make high-quality, affordable child care more accessible while improving the quality of care provided to New York children. This new funding will go towards expanding access in child care deserts – neighborhoods without enough licensed child care providers – and provide options beyond traditional working hours to accommodate parents with atypical schedules. Additionally, it will oversee the creation of a single online portal to streamline the application process for vouchers and integrate them with existing benefits. Finally, the initiative will support workforce development programs that help drive quality across New York City, including encouraging models that compensate providers more fairly, reducing turnover, and creating opportunities for growth within the sector.
“ ‘We need to get New Yorkers back to work while uplifting families, lowering the cost of child care while increasing options to remove obstacles that are holding too many parents back. Investing in child care is a down payment on progress and the future of our kids,’ said New York Mayor Eric Adams.”
— “Robin Hood, Mayor Eric Adams, and Alexis Ohanian Announce $100 Million Initiative for Child Care Quality & Innovation at Robin Hood’s Annual Benefit,” Robin Hood press release, May 10, 2022