Deadline: 5-Dec-21
The Women’s Business Development Council (WBDC) is offering Child Care Business Expansion Grant Program to qualified Connecticut child care businesses preparing to expand.
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
- They will be offering cash grants of up to $25,000 to support OEC-licensed family homes (DCFH), group homes (DCGH), and centers (DCCC) in financial need with their expansion goals.
Eligibility Criteria
- In business as an Office of Early Childhood (OEC)-licensed family home, group, or center with enrolled children for at least 2 years as of October 31, 2021
- Have a minimum of 75% of licensed capacity enrolled as of October 31, 2021, including school age children
- 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
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 purposes of the WBDC’s Child Care Business Opportunity Fund grants, the definitions of full-time and part-time are as follows:
- Full-time for centers (DCCC), group homes (DCGH) programs means that 50% or more of the classrooms in your program operate 30 hours or more per week.
- Full-time for family child care homes means that your program operates 30 hours or more per week
- Part-time for centers (DCCC), group homes (DCGH) programs means that less than 50% of the classrooms in your program operate 30 hours or more per week.
- Part-time for family child care homes means that your program is open less than 30 hours per week.
Note: These definitions are consistent with those from OEC Stabilization Funding.
For more information, visit https://ctwbdc.org/expansion-grant/