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State loan helps Cape Cod child care center grow – Boston 25 News

A Cape Cod baby care middle is getting a $350,000 state mortgage that may assist it broaden to deal with a crucial scarcity of care within the area by offering look after a further 65 kids.

The mortgage from MassDevelopment, the state’s growth finance company and land financial institution, will likely be utilized by the YMCA Cape Cod in Hyannis to assist construct a brand new 5,300-square-foot early childhood care middle, in response to a press release.

The $1.7 million mission can be supported by a $1 million Early Schooling and Out of Faculty Time grant and $350,000 in donations and contributions.

“Households and native economies are held again when there’s a lack of reasonably priced baby care locally,” MassDevelopment President and CEO Dan Rivera stated in a press release.

The YMCA at present gives care and related companies to roughly 200 kids via seven early training facilities on the Cape.

 

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