This bill mandates the Commissioner of Human Services to create a program of financial incentives aimed at promoting private investment in child care facilities located in designated child care deserts within New Jersey. A child care desert is defined as an area where the demand for quality child care services exceeds the available supply, as determined by the Commissioner. The program must be established within 90 days of the bill's effective date and will involve collaboration with various state officials, including the Commissioner of Community Affairs and the Chief Executive Officer of the New Jersey Economic Development Authority.

The bill outlines several types of financial incentives that may be offered, such as tax credits, tax exemptions, loan guarantees, and support for recruiting and training employees. Additionally, the Commissioner is tasked with applying for any necessary state plan amendments or federal waivers to ensure ongoing federal funding for subsidized child care programs. The provisions of the bill will take effect 180 days after enactment, although the Commissioner is permitted to take preliminary administrative actions to facilitate implementation.