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Wednesday, May 26, 2010

Schools Matter: $50 Million for CMOs

Schools Matter: $50 Million for CMOs

$50 Million for CMOs

The Office of Innovation and Improvement (i3) recently announced $50 million in competitive funding for non-profit charter management organizations (CMOs).

A few interesting tidbits:

1. Only non-profit CMOs are eligible. That would exempt Imagine (although they still claim to be a nonprofit), White Hat, etc.

2. Even if Imagine claims to be a non-profit, they might be exempt because the program specifies the CMO must not have "significant issues in the areas of student safety, financial management, or statutory or regulatory