The Mt. Airy Childspace Center provides high-quality, affordable daycare services in Philadelphia, PA, an underserved area with a significant low- and very low-income income population. PCG’s loan allowed Childspace to move from a poorly configured 7,000-square-foot building into a 14,000-square-foot space with a superior layout after rent doubled at their old facility. The larger building increased the number of classrooms from 4 to 12, reduced the number of children per classroom, and allowed for more individual attention. PCG’s loan preserved 22 jobs and created 8 new jobs, most of which employed women participating in the welfare-to-work program in which Childspace is active. Due to its above-average wages, benefits, and in house training opportunities, Childspace has had great success in retaining employees and significantly enhancing their economic status and prospects.
Childspace Management Group, Inc.
Philadelphia
, PA
US
$150 000
$150 000