Investing in Innovation (i3) Fund Summary of Proposed Priorities, Requirements, Definitions, and Selection Criteria
On October 9, the U.S. Department of Education officially released the Investing in Innovation (i3) fund’s summary of proposed priorities, requirements, definitions and selection criteria. The i3 fund is a $650 million dollar fund authorized under the American Recovery and Reinvestment Act (ARRA) to support emerging innovative education reforms. The Alliance has created this summary to explain how the i3 fund will likely work and how it will potentially impact charter schools and the charter school movement.
We will be formally submitting comments on these proposed priorities, requirements, definitions, and selection criteria to the department by November 9th, 2009. Please [email] us your opinions on the draft and ideas for our comments. Please note that as the Department seeks public comments, it is especially interested in hearing if this notice of proposed priorities adequately supports innovation while still meeting the Department’s requirement to be good stewards of tax payer dollars.
Download the analysis here.