Growth Fund Program Summary
Who can participate in the Growth Fund?
Upon launching of each new Growth Fund cohort, First Children's Finance selects non-profit child care centers within a limited geographic region and usually through a competitive process. Both center directors and their board representatives are asked to participate in this process and throughout the program. Applicants are selected based on their service to children from lower income families, stable operations, a commitment to quality care and full-time programming. See the First Children’s Finance home page for postings regarding new Growth Fund cohorts.
Who are the Growth Fund advisors?
First Children’s Finance Growth Fund advisors are volunteers from business and early care and education. They are bankers, early childhood education professionals, and other business representatives. Growth Fund advisors review applications and make recommendations for participant planning and implementation resources and grants. Advisors also share their knowledge and expertise throughout the program cycle.
Business planning and implementation
During the first year, Growth Fund participants receive expert help from FCF to develop their business plans to help them identify critical business challenges in financial systems, marketing, human resources, strategic planning, leadership, and facilities development. Each participant’s leadership team (center director and board representative) presents the center’s plan to the advisors and makes regular progress reports.
Resources and grants
Participants who successfully complete plans receive funding or resources to implement their plans. Past participants have used the additional resources to:
- Purchase computer equipment/software to improve financial management.
- Retain a consultant to develop marketing materials and a marketing plan.
- Develop a new web page.
- Deliver business related staff training and development.
- Recruit and develop board members.
Leadership and collaboration development
Growth Fund participants will discover:
- Training and networking that focuses on critical business capacity topics.
- Early care and education business specific consulting experts.
- More effective engagement with board members.
FCF Growth Fund Programs:
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