The U.S. Department of Education has released details of how school districts and nonprofit organizations can tap into the $650 million Investing in Innovation Fund (i3) which is part of the economic stimulus package.
Unlike the Race to the Top Fund and the School Improvement Grants, i3 funds will be distributed directly to school districts and their nonprofit partnerships. The official proposal will be published in the Federal Register soon, then the public will have 30 days to comment before the Department finalizes the proposal.
Although i3 is a relatively small program ($650 million) compared with the School Improvement Grant ($3 billion) and Race to the Top ($4 billion), its funding goes directly to the school districts and it has a different focus from the other two programs. i3 provides seed money to school districts and their nonprofit partners to scale up effective practices and to support existing or new promising programs on school reforms.
NSBA will be preparing comments on i3. Check out the Department’s website for more information.
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