I’ve been getting lots of questions from my readers lately about daycare grants, so I thought I’d share some tips with you about daycare grants and how to find them. (If you want to subscribe to my email newsletter you can do so on the upper right side of this page.)
Tip #1:It is very hard to find grants to cover start-up costs, especially for an in-home family daycare.
The reasons for this are:
Most grant providers want to give funds to a child care business that is already stable and running successfully, but needs funds to improve their operations and/or take on more children. That way, they can be sure that the funds will be used wisely. It costs very little to start an in-home child care business (typically $1,000 or less). Most grant providers are looking for bigger opportunities to make a difference with their dollars.
Many child care grants are reserved for expansion of existing facilities, or non-capital improvements to an existing facility, such as training, better outdoor spaces, and the like.
Tip #2: The best place to start looking for your daycare grant is with your local Childcare Resource & Referral Agency.
To find yours, simply go to www.childcareaware.com and enter your ZIP code in the field on the right-hand side of the page. You’ll get the contact information for your local CCR&R. Call the number provided and introduce yourself, and ask to speak with the person who handles local grants and low-interest funding programs. If your region or state does not have any grant programs, they may be able to refer you to some non-profit foundations in your area that do (such as your local United Way chapter).
Tip #3: Non-profit child care centers qualify for grants to a much greater degree than for-profit centers.
If you want to start a child care center, but you have little to no funds of your own saved, you may want to consider opening up a non-profit child care center. You can still earn a nice salary, and your likelihood of finding a start-up daycare grant is much greater if you set yourself up as a non-profit. I recommend finding other non-profit child care centers in your region or state, and contacting them with questions on how to get started. Most people in child care are very friendly and eager to help!
I go way more in-depth on this topic in my Daycare Success System, so if you want more information, be sure to check it out!