Establishes competitive grant program for new child care facility construction, using $30 million in federal "Coronavirus State Fiscal Recovery Fund" monies appropriated to EDA pursuant to P.L.2022, c.49.

This bill creates a $30 million competitive grant program to fund new child care facility construction in New Jersey, using existing federal recovery funds. It directly affects nonprofit child care providers (with at least five years’ experience) who serve children ages five and younger, particularly in areas classified as "child care deserts" (where three times more children live than licensed slots exist). Eligible providers must commit to serving low-income families through subsidized care, participate in the state’s quality rating system (Grow NJ Kids), and share de-identified program data. Grants are awarded by a Community Development Financial Institution (CDFI) selected by the Economic Development Authority, with preference given to providers serving high-need communities. The program expires once the $30 million is fully expended.