Establishes Early Childhood Educator Pay Equity Program in DHS.

This bill establishes New Jersey's Early Childhood Educator Pay Equity Program within the Department of Human Services. It provides grants to childcare facilities (not public schools) to increase minimum wages for early childhood educators - primarily women of color and immigrants - based on their education, experience, and job title, aiming to match public school educator pay. The program uses a funding formula that prioritizes facilities serving economically disadvantaged communities and requires participating facilities to pay at least the mandated minimum salaries. Facilities must meet specific reporting and compliance standards to receive grants, with adjustments made if funding falls short. The program targets improving wages and retention in New Jersey's childcare sector, directly affecting educators and the small businesses that employ them.