Grants are significant to a day care center because they provide extra money to be used on specific needs that may not be covered in the regular budget.
The day care center director fills out an application for the grant. Some grants have requirements, such as a certain percentage of low-income families or a culturally diverse student population.
Grants are available for equipment purchases, building construction or modification, or staff training.
Nonprofit day care centers have easier access to grants than commercial centers.
Grants are beneficial to day care centers because they do not have to be repaid like a loan.