"President Barack Obama yesterday announced more than $250 million in private investments to help attract and prepare new teachers for science, technology, engineering, and mathematics, collectively known as the “STEM” field, and to help improve instruction in those areas by practicing teachers.
The new commitments roughly double the amount the president first announced in November as part of his “Educate to Innovate” campaign for excellence in STEM education. (“Obama Backing STEM Education,” Dec. 2, 2009.)"
The campaign is described by the White House as a partnership that involves efforts not only from the federal government, but also from leading companies, foundations, nonprofit groups, and science and engineering societies to work with young people across the nation to excel in science and math.
The largest single commitment in yesterday’s announcement comes from the Intel Corp. of Santa Clara, Calif., and the Intel Foundation, which are planning a 10-year, $200 million effort to expand on work under way to improve math and science education, including through increased professional-development opportunities for teachers.