Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Childcare Programs topic
No spam. Unsubscribe anytime.
Eagle Lake approves $20,000 startup for Child Care Forgivable Loan Program
Summary
The council approved program guidelines and an announcement for a forgivable childcare loan program funded by a $10,000 Taylor Family Farms Foundation grant plus a $10,000 local EDA match; staff will announce loan availability.
The Eagle Lake City Council approved the draft announcement and program guidelines for a Child Care Forgivable Loan Program after the Economic Development Authority recommended the plan.
Administrator Jennifer Bromeland said the Taylor Family Farms Foundation approved a $10,000 grant for the program, which requires a $10,000 local match from the EDA; the combined $20,000 will seed a forgivable loan program modeled after Blue Earth County’s program launched in 2018. Upon council approval, staff will announce the loan availability to prospective applicants.
Council Member White moved to approve the draft announcement and Council Member Rohrich seconded; the motion carried unanimously.
