Funding Amount

Varies

Deadline

Rolling / Open

Grant Type

foundation

Overview

Child Care Finance Program

Geographic Scope: Northwest Minnesota (12-county service area)

Program Description: A financing program launched in July 2018 to assist child care providers and communities with financial and capital needs through flexible lending and grant products. The program supports both new child care business startups and expansion of existing facilities.

Focus Areas:

  • Child care capacity expansion

  • Support for child care providers

  • Quality improvement initiatives
  • Key Activities:

  • Provide flexible lending products to child care providers

  • Offer grant support for child care initiatives

  • Incentivize quality improvement and Parent Aware rating system adoption

  • Support community collaboration for sustainable child care solutions
  • Impact: As of October 2018 (three months after launch), the program had:

  • Closed 18 loans

  • Impacted 154 new child care slots

  • Supported 56 existing child care slots
  • Contact: Northwest Minnesota Foundation, 201 3rd Street NW, Bemidji, MN 56601, (218) 759-2057, 1-800-659-7859

    Focus Areas & Funding Uses

    Fields of Work

    child-caresmall-businessescapacity-building

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