The Women’s Business Development Council is offering grants of up to $25,000 to qualified Connecticut child care businesses preparing to expand.
Donor Name: Women’s Business Development Council
State: Connecticut
Counties: All Counties
Type of Grant: Grant
Deadline (mm/dd/yyyy): 12/05/2021
Size of the Grant: Up to $25,000
Details:
The Council 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. 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.
Priority Applicants
If there are more qualified applications than we 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.
Funding Information
WBDC is pleased to offer grants of up to $25,000 to qualified child care businesses expanding their operations.
Eligible Criteria
- In business as an 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.
Additionally, the following businesses are not eligible:
- Businesses not actively licensed by the Connecticut Office of Early Childhood (OEC) as a family home (DCFH), group home (DCGH), or center (DCCC).
- Businesses that were awarded a WBDC Emergency Grant since January 2021. (If you were awarded funds in December 2020, you ARE eligible this round.)
- Businesses that were awarded a WBDC Equity Match Grant since January 2021.
For more information, visit Child Care Business Expansion Grant Program.
