DCMA Resource Council
September 2022: HR Subcommittee Task Force Focus on ChildCare This Month
The HR Subcommittee has developed an HR task force to review and address some of the current challenges that our community is facing in the workplace. We are looking at challenges such as:
- Recruiting and Retention
- Nontraditional recruiting (Refugees and Medical Diagnose)
- Health Care model(s)
- Child Care Group
During the HR Subcommittee meeting this past month, the task force met with ChildCareGroup, a 121-year-old nonprofit whose core mission continues to be to educate and nurture young children, support working families, and train teachers. ChildCareGroup today serves two generations: they provide support services tot the parents to stabilize in their employment goals and they also invest in the children by providing high-quality early education.
ChildCareGroup has a total of 113 childcare programs in Garland, Texas. Their locations vary between licensed childcare centers, licensed childcare home, and registered childcare home. There are two financial opportunities for families:
- Head Start / Early Head Start (federal assistance program)
- Serve birth to 5 years old
- Family income level must be below 100% federal poverty guidelines
- Childcare Scholarships (assistance provided through ChildCareGroup in partnership with Texas Workforce Commission, TWC Grant)
- Serve birth to 13 years old
- Family income level must be below 85% of the state median income
- Program can also serve children up to 17 years old if have a disability
They have options where employee children do not need to be citizens to receive assistance. With other programs, it is required for children to be citizens or legal immigrants. For more specifics on their programs, contact ChildCareGroup.
ChildCareGroup is sure to meet your business needs for childcare. With their programs, they assist your business by helping your employees:
- Improve productivity
- Reduce absenteeism
- Improve hiring
They offer the following models for your business:
- Open a childcare program onsite, hire an entity to manage it
- Partner with local childcare programs and purchase childcare slots
- Pay for back up childcare
Within the presentation, a local manufacturer needs 24hr and/or weekend childcare. They will connect with ChildCareGroup to provide an onsite childcare program to help those employees working the 3rd shift and weekends. It is all based on the needs of the business and their employees. For ChildCareGroup to know what program and model is best for you, provide the total number of employees interested in childcare assistance, the type of care, hours the programs would run, and what is your business capacity. We know the need is there, and now we have a resource that can provide a solution to this need.
For more information on these programs and contacting ChildCareGroup, contact Paul Mayer at 469-326-7444 or firstname.lastname@example.org.
The HR Subcommittee will be addressing the rest of these challenges via best practices, sharing of information, and or events like this throughout the next few months, and will provide tools and resources information to alleviate some of these challenges and help our workforce while supporting the employees who are the backbone of our manufacturing community.
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COVID-19 and Your Taxes
ERC & PPP
Earlier this month, President Joe Biden signed into law the $1.9 trillion American Rescue Plan Act. Among the provisions included in the package is an extension of the Employee Retention Credit (ERC).
The ERC is a refundable tax credit that employers can claim for keeping their employees on the payroll. As a result of the American Rescue Plan, employers can now qualify for ERCs for each quarter of 2021 that their operations were fully or partially suspended due to a COVID-19 government order, or their gross receipts were less than 80% of their gross receipts for the same quarter in 2019. For each quarter of 2021, employers could receive up to $7,000 in ERCs ($10,000 in qualified wages X 70%), allowing for a maximum ERC of $28,000, per employee.
Garland Chamber member, Carr, Riggs & Ingram CPAs, have provided information about the difference between the ERC and PPP processes. Click below to find more information.
ERC & PPP
Webinar: Exit Strategies: Preparing Your Manufacturing Business for Transfer of Ownership
Date: May 11, 2021
Time: 10 - 11 a.m.
Business owners have a number of options for exiting their business and tranfering ownership. Join us for this webinar as partners from CRI and CRI Capital Advisors discuss these options and the importance of developing a strategic plan well in advance to prepare a business for transfer.
During this presentation, we will:
- Provide an overview of the options for a transfer of ownership
- Discuss the various considerations involved with these options
- Identify key operational areas that should be assessed
- Detail the components of a well-planned exit strategy
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Texas Security Bank
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