Requires DHS to develop incentives to encourage private investment in child care deserts.

This bill requires New Jersey's Department of Human Services to create a program of financial incentives designed to attract private investment in child care facilities located in identified child care deserts. The legislation defines child care deserts as areas where demand for quality child care exceeds available supply and mandates that the incentive program be established within 90 days of the bill's effective date. Potential incentives include tax credits, tax exemptions, loan guarantees, and assistance with employee recruitment, hiring, and training. The Department of Human Services must coordinate with multiple state agencies to develop the program and apply for necessary federal waivers to maintain funding for subsidized child care services.