Hey, I just noticed you were in Alabama and I'm editing my post. Maybe someone in Arkansas is looking at this same opportunity and this info. may help.
I have been contemplating something similiar. My daughter is one and I would like to stay at home with her next year until she goes to school.
Below is some information about the types of Childcare Programs in Arkansas and here is a link to the state licensing and accreditation guides: http://www.arkansas.gov/childcare/licensing/newregs.html
Unlicensed Homes - The “Child Care Licensing Act” 20-78-202” of 1969 exempts any situation, arrangement, or agreement by which one (1) or more persons care for fewer than six (6) children.
Incentives: Not eligible for any Division incentives.
Voluntary Registered Child Care Family Homes - These homes are regulated by the “Registered Child Care Family Homes”, PUB-003. These homes are registered to care for 5 or fewer children. These homes receive periodic unannounced monitors.
Incentives: These homes are eligible to participate in state and federally funded programs.
Licensed Homes - These homes are regulated by the “Minimum Licensing Requirements for Child Care Family Homes”, PUB-001. The Child Care Licensing Act requires a license for any home situation, arrangement, or agreement by which one (1) or more persons care for six (6) or more children from more than one (1) family at a time(this includes the caregivers own preschool children). A caregiver may choose keep up to 16 children, depending on the ages of children in care and the number of caregivers present. Health and fire department approvals are required if care is provided to 11 or more children. City zoning approval is required were applicable. Licensed home care may be provided in the licensee’s own home or another home like setting. Licensed homes receive periodic unannounced monitor visits.
Incentives: These homes are eligible to participate in many of the state and federally funded programs.
Licensed Child Care Centers - These facilities are regulated by the “Minimum Licensing Requirements for Child Care Centers”, PUB-002. The Child Care Licensing Act requires that facilities providing care to 6 or more children from more than one (1) family obtain a license (programs operating less than ten (10) hours a week are exempt). These facilities require health and fire department approval and are subject to city zoning.
Incentives: These homes are eligible to participate in many of the state and federally funded programs.
Arkansas Quality Accreditation Program - In 1993, the Arkansas Legislature enacted a law allowing an opportunity for recognition of child care facilities demonstrating a higher quality of child care. These facilities are regulated by The Arkansas Child Care Approval System. To participate, facilities must hold a license in good standing. These facilities are monitored yearly by a trained early childhood professional.
Incentives: Accreditation is a very powerful program-improvement tool. It gives recognition for high quality care given to children. Accreditation status is on the Division’s website for access to parents and the public. Accredited programs are eligible to apply for a Quality Approval grant. Grant amounts range from $600 to $1200 depending upon the size of the program. Parents may be qualified for a 20% refundable income tax credit on their state income taxes.
Arkansas Better Chance (ABC) - These programs are regulated by the Arkansas Department of Education rules governing the Arkansas Better Chance Programs. Both licensed homes and centers are eligible for ABC funding. Programs must be located in Arkansas and have no founded complaints within the past 12 months that pose an immediate safety risk. Facilities can have no outstanding debt to the Division or to the Department of Education. The facilities must provide matching funds of 40:60. Agencies receiving ABC funding are monitored on a yearly basis.
Incentives: These programs can receive state funds that cover 60% for the core components of the program as determined by the Core Quality Model.
I hope this information is helpful.
DW