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What you need to know about the Child Care Stabilization Grants

A few facts to keep in mind

  • Every state/territory/tribe has dollars for the Child Care Stabilization Grants
  • These grants are for family child care providers and child care centers to provide financial relief and to help stabilize business affected by the COVID-19 pandemic
  • This is not a loan. It’s a grant. You do not have to pay it back
  • Explore Tom Copeland’s  What You Need to Know About the Child Care Stabilization Grants

Eligibility

  • Provider must be licensed/registered as of March 11, 2021.
  • No do not need to show proof of financial loss to be eligible.
  • Your program can be a Limited Liability Company (LLC) or incorporated or a non-profit organization
  • The number of employees does not determine eligibility, you can be the only employee and qualify.
  • Updates about your state: https://childcare.gov/covid-19/providers

How can the grant money be used?

  • Paying yourself or employees – Explore  Tom Copeland’s What Does it Mean to “Pay Yourself” with a Stabilization Grant?
  • Rent, mortgage payment, utilities, insurance
  • Facility maintenance and improvements
  • COVID supplies, equipment, training on health and safety
  • General operating expenses
  • Other goods and services necessary to maintain or resume child care services
  • Mental health supports for you, children and employees
  • Professional Development Related to Health and Safety (CPR, First Aid, etc.)

Recordkeeping and Taxes

Resources from Tom Copeland’s website 

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