Purchasing and Expanding an Existing Child Care Facility
Description
Applications are now being accepted for the Child Care Infrastructure Grant Program – Facility Acquisitions.
Donor Name: Coastal Enterprises Inc. (CEI)
State: Maine
County: Aroostook County (ME), Franklin County (ME), Penobscot County (ME), Piscataquis County (ME), Somerset County (ME), Washington County (ME)
Type of Grant: Grant
Deadline: 06/30/2024
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
If you are buying the furniture and fixtures plus the enrollment of an existing child care business and you can demonstrate at least a 25% increase in enrollment within four months of the transaction, you may be eligible for a Child Care Infrastructure Grant for up to 50% of your costs, for a total award of up to $25,000.
Priority Areas
Priority will be given to applications from Aroostook, Franklin, Penobscot, Piscataquis, Somerset and Washington Counties. In addition, applicants committing to the following will receive bonus points:
Providing care for infants
Providing care for toddlers
Providing care for families income-eligible for subsidy
Participating in the USDA Child and Adult Care Food Program.
Uses of funds
Grant awards received may be used for the following purposes:
Purchasing furniture, fixtures, educational materials and other assets from an existing child care provider. Selected examples include books, musical instruments, developmentally appropriate toys, tables & chairs, cribs, sleeping mats and more
Fees to use existing business practices, policies and menus
Inheriting current enrollment and expanding enrollment by 25% within 4 months
Light renovations to the space to enhance the quality or to increase capacity.
Buying additional indoor activities or enhancing the outdoor space to accept more children.
Procuring health and safety supplies and other materials required to increase your enrollment.
Having sufficient working capital on hand for the first month. Selected examples include money to cover a week of pre-opening payroll and a month of children’s food while you adjust to new subsidy and USDA food program levels.
For more information, visit CEI.