The Women’s Business Development Council is seeking applications for its Expansion Grant Program to help licensed child care businesses grow their operations and create additional slots or revenue streams.
Donor Name: Women’s Business Development Council
State: Connecticut
County: All Counties
Type of Grant: Grant
Deadline (mm/dd/yyyy): 04/12/2022
Size of the Grant: $25,000
Details:
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 the 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
WBDC, in partnership with the Connecticut Office of Early Childhood (OEC), is offering grants of up to $25,000 to qualified child care businesses in Connecticut through its Child Care Business Opportunity Fund.
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 the business model. (For instance, a Family Home with a licensed capacity of 9 that never takes school-age children would calculate their enrollment based on 6 regular age — e.g., 5 currently enrolled / 6 adjusted capacity = 83% enrollment)
- 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
For more information, visit Expansion Grant Program.
