Reply to CARES Act and Childcare Facilities

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[quote=Anonymous][quote=Anonymous]Sadly this thread is making me realize that the rational business decision is almost certainly to close (true of most restaurants as well).  The question you'd be asking is whether it will be easier to run a viable business by:

A. standing it back up from scratch at the end, including hiring and bringing on new families, or

B. keeping it up, but having to ask future parents to pay the overhead on the loan from your time of non-operation.

The fact that there are loans available is a start - but I fear many won't take advantage for this reason (certainly the owner of our center seems to be thinking this way).[/quote]

The rational approach is for the daycare to furlough everyone immediately, given that unemployment is so generous for the next 3 months ($1000/week in the DC area + plus the one-time $1200 stimulus checks). The daycare center then hoards cash. As soon as the center "originates" a forgivable loan under the Paycheck Protection Act, it then hires everyone back.

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