According to the U.S. Department of Education, President Obama has recently announced $900 million in grants as a part of his 2011 budget to help improve student achievement at 5,000 of the nation's lowest-performing schools. Most, if not all, of the schools are in urban areas.The budget includes a $100-million program aimed at increasing college-level, dual-credit and other accelerated courses in schools, allowing students to earn a high-school diploma and an associates degree simultaneously.
What does this mean for entrepreneurs of African descent?
This means that local businesses that sell educational services and products can benefit too. The grant money will be allocated in many ways, such as to hire tutors, to buy educational software and materials, to upgrade old technology (computers, etc), to hire local motivational speakers, to hire scholarship experts and college consultants, and more.
The grant money may even be used to hire interior decorators and architects to make the schools look more modern. Do your research, and find out if there are schools in your area that will receive assistance from the grants. If so, find out what the schools' needs are and position yourself to offer relevant services. There will, no doubt, be many contracting and purchasing opportunities in the near future.
Here is a listing of other 2010 business grant opportunities that you might find useful.
