Using the information given below about state child care facts in the State of Georgia, create a business plan for a child care center in which you need to address the following:

An executive summary

Goals

Marketing Plan

Financial Plan

2017 State Child Care Facts in the State of: Georgia POPULATION CHILD CARE NEED' GEORGIA 1,0006,693 665,121 Total residents Children age birth to 4 years Children age birth to 4 years living in poverty Children age 5 to 11 Total families with children Single parent families Families in poverty CHILDREN UNDER AGE 6 POTENTIALLY IN NEED OF CHILD CARE Children in two-parent families, both parents in labor force Children in single-parent families, parent in the labor force Total children under age 6 potentially needing child care NUMBER OF WORKING MOTHERS With infants under one year With children under age 6 only 192,290 985,869 1,105,911 388,246 343,204 GEORGIA 26,3617 236,382 499,999 GEORGIA 85,186 181,299 UNITED STATES 316,515,021 19,896,133 4,795,039 28,728,645 33,732,757 11,039,498 8,761,164 UNITED STATES 8,602,634 6,387,787 14,990,421 UNITED STATES 2,500,737 5,610,490 TYPES OF CHILD CARE TYPES OF AVAILABLE CHILD CARE Number of center-based child care programs Percent of centers nationally accredited Do faith-based programs need to be regulated? Number of regulated faith-based programs Number of family child care (FCC) homes Percent of FCC homes nationally accredited Number of school-aged care programs Percent of licensed programs with slots for school-aged children Child Care Aware Percent of licensed programs with slots for ONLY school-aged children OF AMERICA *30 years Number of other regulated child care centers Number of other regulated FCC homes NUMBERS, INCOME, AND SUPPORT OF THE CHILD CARE WORKFORCE CHILD CARE WORKFORCE Child care workers (in centers) Average annual income of child care workers Total paid early childhood workforce GEORGIA 19,070 $20,680 GEORGIA 3,152 16% No NR 1,728 2% 4,929 88% FOR FURTHER INFORMATION 6% 992 0 UNITED STATES 573,430 $22,310 2.2 million With children age 6 to 17 only With both children under age 6 AND children age 6 to 17 Married working mothers Single working mothers 495,172 153,091 490,368 253,847 SPACES IN CHILD CARE PROGRAMS Total spaces/slots Percent of spaces in child care center AVAILABILITY OF CHILD CARE programs Percent of total spaces in licensed FCC homes Percent of total spaces in school-age care 14,807,850 6,856,516 programs Percent of total spaces in other programs Percentage spaces/slots of licensed programs Percent of licensed spaces for infants Percent of licensed spaces for toddlers Percent of licensed spaces for preschool- aged children Percent of licensed spaces for school-aged children "Does not include school-aged programs 14,328,033 6,842,084 GEORGIA 362,997 88% 3% 9% 0% 10% 79% 84% 94% CCR&R CONTACTS Quality Care for Children Child Care Aware of America URL www.qualitycareforchildren.org http://usa.childcareaware.org www.childcareaware.org $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 $7,769 $12,212 2017 Cost of Child Care in the State of: Georgia Cost of Care for Young Children Center % Accredited Center FCC Accredited FCC $6,202 $6,356 Infant $7,311 $11,335 $5,960 $6,067 Toddler $6,626 $10,077 $5,638 $5,486 Four-Year-Old $3,000 $2,500 $2,000 $1,500 $1,000 $500 $0 Cost of Care for School-Age Children Before-/After-School $2,751 $484 Center Part-Time Summer Full-Time Summer $1,395 $2,306 $395 FCC $1,193