A Business Case: Kermode Friendship Society Daycare

This paper discusses the Kermode Friendship Society’s (KFS) proposal to build a 62 space daycare facility on land it owns in downtown Terrace, British Columbia, for which it seeking a grant of up to $500K from the province of British Columbia. The focus of this paper is on discussing the rationale for proceeding with the daycare. It begins with a discussion of the importance of affordable daycare to Canada in general, and to the Aboriginal community, in particular. It then describes the needs assessment that the KFS conducted in the Terracecommunity to determine the need for a new daycare facility. From there, it reports on the process that the KFS undertook to submit the key requirements of the proposal, which include preliminary cost estimates, the development of a pro forma statement and providing evidence that, if funding is secured, the proposed daycare will be a viable operation.