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The EDA found Kid’s Haven’s $250,000 loan pre-application for a proposed $6.9 million, 27,000-square-foot childcare facility met its criteria and allowed the lender to prepare underwriting documents. The project is projected to serve about 316 children and create up to 70 jobs, but the loan was not approved at this workshop.
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The EDA moved the childcare proposal forward for financial review, which is a step toward—but not a final approval of—the requested loan. Kid’s Haven expects the facility could help address a reported shortage of 600 childcare spaces and plans to seek a spring 2026 groundbreaking. The EDA also agreed to continue pursuing potential tenants for a proposed 75,000-square-foot industrial building in Otter Creek Business Park; no tenant or financing commitment was identified.
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