Tuesday, July 26, 2005

Grants to start a daycare / Grants to start your own daycare....

This is a very popular search term.  So hopefully I can shed some light on this kind of thing.  Number one you are going to have to decide whether or not you will operate your daycare as a non-profit or a for-profit.  You can even do a combination of both!  For for-profits there are a number of funding resources that you should be looking into.  There are funding resources that are not just limited to daycare. There is a grant funding competition that is funded by a business that awards five grants of $20,000 per year.  There are some requirements - one you have to be a minority and you have to submit a business plan plus you must be under the age of 30.  This is an example of a funding source where a lot of people are eligible plus its not just for those that want to start a daycare - its for those that want to start a business.  There are grants for those that want to operate a for-profit daycare that are sponsored by foundations.  Of course there are more grant programs for funding non-profit daycare but that doesn't mean that there are no funding programs for for-profit daycare.  If your daycare will include "special need" children or children from low-incomed families the number of grant programs increases.

But you are going to have to do some planning first.  Answer the question of whether or not you will operate as a non-profit, for-profit or both.  Make a business plan and include the specifics of your daycare operation such as the age and any programs/education that you will be offering.  This will help narrow down the amount of research that you will have to do when looking for grant funding.  There are even some areas that will provide grant funding for starting a daycare service because the need is so great so you should check your own area to see if they provide for such funding.

There is a fondation that awards grants that are related to bring a greater awareness of adoption/adopting children/adoption related services.  Applications for this program ends in October of this year.  There is a grant program that accepts applications from both non-profits and for-profits as far as daycare providing services go.  This program has awarded 900 grants in one year!  In New York over $1,000,000.00 was awarded to daycare startups and expansion funds for daycare.

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