GRANT/LOAN AMOUNT (UP TO):
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The Hillsboro Economic Development Corporation (HEDC) Child Care Grant & Loan Program does not specify a fixed maximum grant amount in the provided application document. The amount varies based on the type of request, which includes:
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Equipment purchases
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New building acquisitions
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Facility renovations
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DESCRIPTION:
- The HEDC Child Care Grant & Loan Program supports the development and expansion of childcare facilities in Hillsboro, ND. The program provides funding for equipment, new building acquisitions, and facility renovations to enhance childcare services in the community.
ELIGIBILITY:
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Must be a licensed childcare provider in North Dakota.Must have no history of violations or corrective actions (or provide proof of corrections if applicable).Eligible for licensed family child care, group child care, school-age programs, child care centers, and preschools.Must submit an application with supporting documents.
NOTES:
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Grants may be used for equipment purchases, building acquisition, or facility renovations. Requires supporting documentation such as cost estimates, bids for work, letters of support, and financial statements for loan requests. If the project is not completed within a specified period, funds must be repaid. Loans have a 5-year repayment term with an interest rate fixed at the Bank of North Dakota base rate.
DEADLINE:
- Ongoing
