The Northwest Minnesota Foundation (NMF) has been awarded $224,000 by the Minnesota Department of Employment and Economic Development to increase the availability of child care slots throughout Northwest Minnesota.
DEED announced on Wednesday that 14 organizations throughout the state have been awarded a combined $2,425,000 to add a total of 2,300 child care slots in Minnesota, with the majority of funding granted to rural Minnesota.
In 2020, the Northwest Minnesota region was found to have a shortfall of 3,414 child care slots, an increase of nearly 500 needed slots from the prior report. With this grant from DEED, the Northwest Minnesota Foundation will provide resources for local and community projects already in development, and also provide funds for new and existing family-licensed child care providers.
Both strategies have proven successful through previous efforts. On the first, NMF and collaborating partners have provided early-stage financial resources to support community-led taskforces throughout the region, with one center having opened in Hallock and two centers now poised to open Halstad and Fosston. On the second, NMF’s Child Care Finance Program, which launched in 2018, has directly impacted 891 child care slots throughout the region since its inception. In fiscal year 2019 alone, 30 forgivable loans were granted, adding 305 new child care slots in the region.
For more information on NMF’s Child Care programs, please visit www.nwmf.org/programs/child-care/
To read the press release from DEED, please visit https://mn.gov/deed/newscenter/press-releases/#/detail/appId/1/id/513004