Northeast Indiana Greenlights Childcare Assistance for Working Families
FORT WAYNE, Ind., May 1, 2024 /PRNewswire/ -- On Friday, April 26, the Northeast Indiana Strategic Development (NEI SDC) approved investments in two projects to assist working families and accelerate economic development in the region.
- Strategic Development Commission Approves $5 Million in Early Childhood Aide, over $100,000 in Forgivable Loans
FORT WAYNE, Ind., May 1, 2024 /PRNewswire/ -- On Friday, April 26, the Northeast Indiana Strategic Development (NEI SDC) approved investments in two projects to assist working families and accelerate economic development in the region. - Northeast Indiana Early Childhood Coalition was approved for an investment of $4,999,669 to support the creation of the "Tri-Share Plus" model to address affordability and accessibility through increased financial aid for working families, while supporting the health of childcare organizations by creating a shared service model for back-office functions.
- The Tri-Share Plus model splits childcare costs between the state, employer, and family, with each paying one third of the amount.
- "The Northeast Indiana Strategic Development Commission is thrilled to advance these exciting initiatives with the potential to yield generational returns for our region," said Mayor Strick.