Bridge Investment is proud to support community-driven projects that strengthen local economies and expand access to essential services. Through its CDFI lending activity, Bridge Investment CDC helped make possible the construction of a new childcare center at Shimer Square in Mount Carroll, Illinois, an investment that addresses a critical community need while generating lasting economic impact.
Bridge Investment CDC’s financing enabled the construction of the childcare center, while the chosen operator secured the resources needed to fully equip and activate the facility. This coordinated investment supported approximately 22 construction jobs and is expected to create 25 permanent childcare positions, delivering both immediate and long-term employment benefits to Carroll County.
The childcare center represents a major milestone for both Bridge Investment and the developer, Economic Growth Corporation, marking its first-ever childcare center development and Bridge Investment's first ever childcare center development loan. The project is a cornerstone of the broader redevelopment of Shimer Square, a strategic effort to revitalize downtown Mount Carroll and strengthen the community’s infrastructure for families and employers alike.
Bridge Investment's financing played a critical role in closing funding gaps and ensuring the project could advance from planning into construction. The completed project delivers benefits on multiple levels: strengthening Shimer Square’s redevelopment, expanding childcare access for working families in Mount Carroll and Carroll County, and supporting workforce participation across the region. For Bridge Investment CDC, the project exemplifies ho CDFI lending can unlock first-of-its kind developments, support job creation, and help communities turn well-researched plans into transformative realities.
Bridge Investment CDC’s financing enabled the construction of the childcare center, while the chosen operator secured the resources needed to fully equip and activate the facility. This coordinated investment supported approximately 22 construction jobs and is expected to create 25 permanent childcare positions, delivering both immediate and long-term employment benefits to Carroll County.
The childcare center represents a major milestone for both Bridge Investment and the developer, Economic Growth Corporation, marking its first-ever childcare center development and Bridge Investment's first ever childcare center development loan. The project is a cornerstone of the broader redevelopment of Shimer Square, a strategic effort to revitalize downtown Mount Carroll and strengthen the community’s infrastructure for families and employers alike.
Bridge Investment's financing played a critical role in closing funding gaps and ensuring the project could advance from planning into construction. The completed project delivers benefits on multiple levels: strengthening Shimer Square’s redevelopment, expanding childcare access for working families in Mount Carroll and Carroll County, and supporting workforce participation across the region. For Bridge Investment CDC, the project exemplifies ho CDFI lending can unlock first-of-its kind developments, support job creation, and help communities turn well-researched plans into transformative realities.
