Industry Analysis & Industry Trends
Over the past five years, the industry has struggled to expand as a stubbornly high unemployment rate early led to only a marginal increase in per capita disposable income. Moreover, reduced government funding and the 2013 government sequester significantly constrained industry growth during the past five years. Despite these harsh conditions, both the percentage and the total number of children in the United States participating in an after-school program have been on the rise over the period. This strong demand kept the industry afloat despite poor funding conditions. Over the next five years, increased government funding and a declining unemployment rate are expected to support the After-School Program Providers industry... purchase to read more
Industry Report - Starting a New Business Chapter
There are low barriers to entry for after-school program providers. Although no significant investment in capital is needed to set up a new establishment, hiring enough people to care for and supervise children and youth will be a significant expense. Additionally, the industry is heavily regulated; as a result, a new enterprise must obtain permits and comply with other rules in order to operate. Still, because the industry has extremely low capital costs, coupled with high demand for industry services, barriers to entry remain low.
Newly established after-school providers must obtain a license, depending on the type of program being offered; most providers are classified as providers of supplementary care for children and are licensed by the Department of Public Health. A l.. purchase to read more