Florida Virtual School’s Curious Business Plan and Even More Curious Supporters
Not many Floridians know that Florida Virtual School quietly entered into a partnership with textbook and testing behemoth Pearson last year. The partnership was created to “take over sales of its courses outside of Florida.” No comes word that it’s not going so well. FromTampa Bay Times reporter, Rebecca Catalanano:
The agreement with textbook giant Pearson Education Inc. was supposed to generate about $800,000 in net income in the first year alone, increasing every year to $44 million by 2015.
Now, Florida Virtual said its for-profit arm expects to break even for 2011 and lose $46,190 by June