The Child Care Planning Council of Yuba & Sutter Counties encourages and promotes quality standards of care. The Council offers child care providers the following networks for more information.
Building Child Care (BCC), funded by the California Department of Education, is a collaboration of organizations designed to help child care providers access public and private sector financing for child care facilities. The four collaborative partners on this project have combined their experience, resources, and expertise to build a clearinghouse of information and assistance for developing and financing child care facilities.
To access the informational resources and publications, and to ask questions about the process of acquiring, building, renovating, or expanding child care facilities you can visit the web site.
1. Demographic and Business Information
The Yuba-Sutter Economic Development Corporation provides a variety of demographic and business trend information free of charge to businesses. Visit the web site at: www.ysedc.org
2. Site Location Assistance
The Yuba-Sutter Economic Development Corporation provides direct assistance to businesses that want to identify and locate sites in Sutter County. The Corporation also provides assistance to expanding companies. The Corporation provides liaison assistance with permitting, financing and labor force needs.
3. Small Business Assistance
- Yuba College Small Business Development Center, SBDC. Visit the web site at: www.yubasbdc.org. The SBDC provides a variety of services to start-up and established businesses. Assistance is offered free or at low cost, tailored to the client needs.
4. Labor and Workforce Development
- Employment Development Department, Labor Market Information Division. Visit the web site at: http://labormarketinfo.edd.ca.gov
- Provides assistance to employees with analysis of employment trends, skill/qualifications, wages and salaries.
- Yuba and Sutter County One Stop Business Centers.
- Sutter County web site: www.sutteronestop.org
- Yuba County web site: www.yuba1stop.org
- The One Stop Centers can provide a variety of services such as applicant screening and job matching, job listings and announcements, customized recruitment, provide interview facilities and direct placement.
Federal Funding Sources and Programs
Small Business Administration
- Small Business Administration provides a number of financial assistance programs for small businesses at www.sba.gov/index.html
State Funding Sources
Small Business Guarantee http://www.bth.ca.gov/sblgp.htm
The California Loan Guarantee Program enables a small business to obtain a term loan or line of credit when it cannot otherwise qualify for a loan. The Office of Small Business administers the program with the primary objectives of creating and retaining jobs, as well as providing a service to small businesses (including women, minority, and disable owned). The program provides a lender with the necessary security, in the form of a guarantee, for the lender to approve a loan or line of credit. The guarantees are issued on behalf of the state by any of eight non-profit corporations throughout California. These offices are called Small Business Financial Development Corporations (FDCs). some FDCs offer direct loans up to $25,000. This program is not related to SBA program.
Sudden and Severe Economic Dislocation Revolving Loan Fund www.ceres.ca.gov/cert/grants/tcssed.html
The SSED loan program is designed to be used in conjunction with private lending and investment sources to complete projects which would not normally qualify for conventional financing. Loan proceeds may be used for land building (excluding construction), machinery and equipment, and working capital. Businesses may borrow from $25,000 to $500,000 and loan terms may go up to 20 years, depending on the use of the loan funds. Lower than market interest rates, flexible repayment terms and subordinated collateral positions provide a unique opportunity to assist loan applicants in structuring projects which will create or retain permanent employment while responding to local and statewide development strategies.
Local Funding Sources
Yuba-Sutter Enterprise Zone www.yubasutterez.com/Zone2007/zone%20info.html
An enterprise zone is a state-designated area that provides state tax and local incentives to businesses that are located in the boundaries. There is no application process to qualify for the program. The location of the business determines eligibility. In a delivery, transportation, or contracting type business, the location of the job site may make the business eligible. The zone program term is 15 years. The Yuba-Sutter Enterprise Zone designation term began on October 15, 2006, will continue until October 14, 2021. Yuba-Sutter Enterprise Zone stretches as far north as Live Oak and as far south as Wheatland.
Revolving Loan Fund Program (RLF)
This program provides low cost financing to businesses in the region. The range of loans is from $25,000 to $150,000. The RLF funds are designed to fill gaps in financing and are tailored to the capital needs of the individual's business. The eligible use of the funds are:
- Working capital
- Furniture, fixtures an equipment
Yuba-Sutter Economic Development Corporation www.ysedc.org
Local jurisdictions are, from time to time, granted public funds from the State of California, Department of Housing and Community Development's "Community Development Block Grant" (CDBG) program for the purpose of creating a Revolving Loan Fund. These funds are earmarked for projects that will create private sector jobs for low and moderate income persons. Grant funds are delivered to the community in the form of business assistance loans through the Yuba-Sutter Economic Development Corporation which acts as the service provider for the local jurisdictions. Loans are made to qualified businesses to fill "GAPs" in local private sector lending practices which leave some businesses unable to obtain suitable financing.
Private Funding Sources and Programs
Local Investment in Child Care (LINCC)
Is an innovative project designed to build an infrastructure that supports child care facilities development, renovation, and expansion in California. Acknowledging that child care is an essential part of the California economy, LINCC exists to stimulate public and private investment policies to meet the child care needs of all children and families in California.
Click for web site.
California Economic Development Lending Initiative (CEDLI) www.cedli.com
CEDLI is a multi-bank community development corporation established in 1995 to make loans to small businesses and community development organizations. CEDLI's mission is to create jobs by providing financing to projects that fall outside of normal bank lending practices.
Low Income Investment Fund
LIIF uses community based financing and development strategies to overcome the challenges faced by child care providers. Using capital, capacity building, and public policy advocacy in concert, LIIF aims to build sustainable community based systems to support child care facility financing and development.
Click for Web Site.