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 in 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 potential financial incentives that may include tax credits, tax exemptions, loan guarantees, and support for recruiting, hiring, and training employees. Additionally, the Commissioner is tasked with applying for any necessary state plan amendments or federal waivers to ensure ongoing federal financial support for subsidized child care programs. The intent of the bill is to enhance the availability of licensed child care facilities in low-to-moderate income communities, particularly in light of the challenges posed by the COVID-19 pandemic, which has exacerbated the economic difficulties faced by many child care providers.