The Nodaway County economic development corporation (NCED) is taking applications for those interested in a no interest and forgivable loan to start, improve, or expand a child care business.
Executive director Josh McKim they received a $100,000 dollar grant from the Patterson Family Foundation.
Click the LISTEN button to hear Josh McKim's visit with KXCV-KRNW News Director Bill Oliver.
NCED is also offering applicants with navigating licensing requirements and connections to training, professional development, facility experts, inspectors, and other resources.
News release from the Nodaway County economic development corporation:
Nodaway County Economic Development (NCED) is launching the Nodaway County Childcare Growth Fund, a new initiative designed to strengthen childcare availability and support childcare providers throughout Nodaway County. This new fund is made possible by a generous donation of $100,000 by the Patterson Family Foundation.
The program will provide 0% interest, forgivable loans to eligible new and existing childcare providers seeking to start, expand, improve, or become registered or licensed. Applications will open October 19, 2026, with the first loan anticipated to be funded around December 1.
Eligible applicants may include individuals opening childcare businesses, existing providers expanding capacity, in-home providers increasing enrollment or staffing, and unlicensed providers committed to becoming registered or licensed. Nonprofits, churches, and community organizations launching childcare programs may also be eligible.
“Access to reliable childcare is an important part of a strong local workforce and economy,” said Josh McKim, executive director of NCED. “This program allows childcare providers to strengthen their businesses while creating additional childcare opportunities for families throughout Nodaway County.”
Loan amounts will be based on project needs, with up to $10,000 for new providers, $15,000 for existing providers expanding capacity, and $7,500 for staffing or facility improvements. Funds may support expenses such as minor renovations, safety improvements, equipment and supplies, licensing fees, staff recruitment and training, professional services, technology, and marketing. A 20% match may strengthen an application but is not required.
During the 24-month performance period, recipients will make $50 monthly payments while working toward approved project goals, such as obtaining a license, increasing childcare slots, expanding hours, improving facilities, or adding staff. Recipients will provide progress updates at six and 12 months, followed by a final review at 24 months.
Providers that meet their approved goals and remain registered or licensed in Nodaway County throughout the performance period will have the remaining loan balance forgiven, and all $50 monthly payments made during the performance period will be refunded. If program requirements are not met, the loan will convert to a 0% interest loan with repayment terms of three to five years.
NCED will provide applicants with optional assistance navigating licensing requirements and connections to training, professional development, facility experts, inspectors, and other resources. Applications will be reviewed by the NCED Loan Committee.
