Seven Hills Foundation and Affiliates, the Guild of St. Agnes, and The Health Foundation of Central Massachusetts have partnered to launch a new $1.1-million incubator space in Worcester designed to help child care providers launch their own businesses.
The Family Childcare Success Project incubator is the first of its kind in Central Massachusetts, according to the three Worcester-based nonprofits. The incubator aims to provide resources and training for those interested in launching their own child care businesses while providing on-site care for area families, with a capacity of 20 children.
Participants will have up to two years to build their businesses while operating from the space while they develop their client base and work toward establishing a permanent location.
The incubator will operate from two classroom spaces at an existing child care center operated by the Guild at 129 Granite St. The project was launched with $1.1 million from The Health Foundation’s Synergy Initiative, which provides funding for projects targeting community-identified health issues in Central Massachusetts.
Seven Hills Foundation and Affiliates is the largest human services nonprofit in Central Massachusetts, with $466 million in revenue and 1,923 local employees, according to information provided to the WBJ Research Department. The Health Foundation is the seventh largest grant-making foundation and nonprofit in the region, with $88.25 million in assets.
The Guild of St. Agnes generates $33 million in annual and has $17 million in assets, according to nonprofit financial tracker Guidestar.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the real estate and banking & finance industries.
