United States: Child Care Business Expansion Grant Program

Deadline: 12-Apr-22

Applications are now open for the Women’s Business Development Council’s (WBDC) Child Care Business Expansion Grant Program to support OEC-licensed family homes (DCFH), group homes (DCGH), and centers (DCCC) in financial need with their expansion goals.

This grant program is designed to help licensed child care businesses grow their operations and create additional slots or revenue streams.

Grant funds will be awarded to eligible businesses operating for at least 2 years with enrolled children that are: seeking to increase licensed capacity or meaningfully increase enrollment at their existing location; open a new location; grow from family home to group home, or group home to center; or create new revenue streams for the business outside of additional enrollment. Grants will be awarded for applications that will have a measurable impact on the business, its growth and profitability.

Funding Information

Amount: cash grants of up to $25,000

Eligibility Criteria

• In business as an OEC-licensed family home, group, or center with enrolled children for at least 2 years as of March 1, 2022
• Have a minimum of 75% of licensed capacity enrolled as of March 1, 2022, including school age children OR
• Current enrollment at 75% of adjusted licensed capacity based on business model.
• Profitable in 2019, and 2020 or 2021; broke even as a non-profit in 2019, and 2020 or 2021
• In good standing with the CT Department of Revenue Services (DRS) and the Internal Revenue Service (IRS)
• Have an established business banking relationship
• Have a formal, digital bookkeeping/financial system (e.g., QuickBooks or ProCare)
• Have a demonstrable financial need
• Note: Those that meet the above criteria are encouraged to apply.
• Priority Applicants
  • If there are more qualified applications than they can fund this round, priority will be given to the following programs:
    • Serve infants and toddlers
    • Currently receive Care4Kids
    • NAFCC or NAEYC Accredited, or Head Start Approved
    • State and/or federally funded (i.e., Care4Kids, School Readiness, Child Day Care Contract, State Head Start, Federal Head Start, and DCF)
    • For-profit programs that operate full-time

For more information, visit WBDC.

For more information, visit https://ctwbdc.org/expansion-grant/