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Foreign Investments Fueling a Boom in Charter Schools Nationwide

Wealthy foreigners can in effect buy U.S. immigration visas for themselves and their families by investing at least $500,000 in certain development projects.

 

Investment advisor Greg Wing has established The Education Fund of America. It connects international investors with charter schools. According to the fund's website:

The Education Fund of America is passionate about financing schools that help children move from indifferent to INSPIRED. It is more than just a slogan for us, it drives our school funding decisions.
We are committed to helping our EB-5 investor families have a fulfilling experience with EB-5 knowing that they are also helping America's children - in the process.

"The demand is massive - massive - on the school side," Wing told a reporter for Reuters. "On the investor side, it's massive, too."

He is currently arranging EB-5 funding--which gives foreigners visas for investing half a million in development projects--for 11 charter schools across North Carolina, Utah and Arizona. He even has four more deals in the works.

And that's just the start, Wing says: "It's going to be explosive."

According to a story by Reuters, foreigners are using the funding mechanism to get into the U.S., by investing in school instead of luxury hotels, ski resorts or gast stations.

Athens Mama October 16, 2012 at 11:47 PM
I get it - so many are paranoid about the effects of "foreign investment in U.S. education." Still, I've said it once, and I'll say it again, if you want to save Clarke, you're going to have to provide more choices to consumers. I wish that I had a record of all the families who have moved their children from local schools in the past 5 years. Then you would see the crisis, and you would see that it doesn't matter what the origin of the solution is - but that we must have a solution.
Athens Mama October 16, 2012 at 11:51 PM
People who are invested in our local school system feel that blindly supporting schools and teachers is the best way to protect local schools. You should do a story, behind the scenes, on what parents and employees have to say about things going on inside the classrooms - and I'm not talking about the best school in the district. I want you to report on EVERY school. It would be eye opening. Those whose children attend the best school in the district feel completely fine about keeping charter schools out of our district. Not surprising - your kids get respect, positive treatment and environment, and quality education. Just remember that you're not the only apple in the basket.

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