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North Carolina: A Cash Cow for Investors, a Headache for Taxpayers

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'During the Clinton administration, Congress enacted a program called EB-5, which promised green cards to foreign investors who put their money into job-creating projects. One of those designated projects for foreign investors was charter schools. Give a lot of money, invest in charter school construction, get a green card. The middle-men quickly figured out how  to make this exchange pay off in profits. Example: a charter school in North Carolina that won $3 million from foreign investors (six green cards), but has accumulated staggering debt.'

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At dianeravitch.net

 

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I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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