Adams 50 gets grant to explore Pay For Success financing
Adams County School District 50 won a $120,000 grant this month to explore the use of the Pay For Success financing model to expand early childhood programming.
Adams County School District 50 won a $120,000 grant this month to explore the use of the Pay For Success financing model to expand early childhood programming.
After bursting onto the national scene a few years ago, Pay For Success financing is gaining traction among Colorado school districts and early childhood organizations.
The numbers are a victory for Mayor Bill de Blasio, who has made expanding full-day prekindergarten a signature initiative of his administration.
As it seeks a major federal grant to expand preschool, Illinois officials submit a bid that promises to double the state’s investment in early learning—despite the state’s ongoing and massive fiscal problems and a downward trend in early education funding in recent years.
Shared services is a relatively new approach in the early childhood arena, but one that is gaining momentum both in Colorado and nationally. Proponents believe the model will ultimately help providers — often small mom and pop shops — shed inefficient back-office practices so they can save time and money.
For a more than a decade, early learning advocates in Indianapolis who argued that more and better quality preschool could dramatically help kids start kindergarten more prepared to learn were deeply frustrated.