Financing Strategies for New Facilities
Financing Strategies for New Facilities
Building upon work completed during 2016 as part of a greater child care needs assessment for San Mateo County, Brion Economics evaluated different financing strategies that can be utilized to help fund the development of early learning facilities with the goal of alleviating the current and future shortage of licensed child care spaces. Understanding different financial mechanisms that can help offset costs is important in trying to create additional licensed early learning facility spaces.
Each space costs an average of $40,717 to build.
Addressing San Mateo County’s shortfall requires
$
0
Million
in Capital Funding Per Year
For the next TEN YEARS
Brion Economics recommends the following financing mechanisms:
- Sales Tax Add-Ons
- Parcel Taxes
- Developer Impact Fees
- Employer-Based Care
- Grants and Foundations
- State Child Care Facilities Revolving Loan Fund
- Community Benefits Programs
- Developer Agreements
