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

• You should keep records of how you spent grant money in case you are audited – Keep records for at least 3 years
• Providers must report as taxable income all the money they receive from the Stabilization Grants
• Explore Tom Copeland’s “Child Care Stabilization Grants and New Tax Changes for 2021.”  and The Tax Implications of the Child Care Stabilization Grants  to learn more