Charter School Financing Gets You A Green Card? The New U.S. Visa Rush

[proud2BlibKansan]

Oct 12 (Reuters) - It's been a turbulent period for charter schools in the United States, with financial analysts raising concerns about their stability and regulators in several states shutting down schools for poor performance.

The volatility has made it tough for startup schools to get financing.

But an unlikely source of new capital has emerged to fill the gap: foreign investors.

Wealthy individuals from as far away as China, Nigeria, Russia and Australia are spending tens of millions of dollars to build classrooms, libraries, basketball courts and science labs for American charter schools.

more ...http://www.huffingtonpost.com/2012/10/12/the-new-us-visa-rush-b_n_1960215.html

[Starry Messenger]

1. k&r

[HiPointDem]

2. finance a charter, get a green card? jesus.

[proud2BlibKansan]

3. Yep

Despicable but not surprising.

[jsr]

4. Chinese funding Florida charter schools:

http://www.miamitodaynews.com/news/121004/story1.shtml

Chinese funding Florida charter schools
By Meisha Perrin

Investment money is pouring into Florida from wealthy Chinese who find that Florida has exactly what they are looking for — and what they need to secure US green cards.

Chinese investors are taking advantage of the EB-5 investment visa program, the so-called "green card via red carpet," by putting millions into Florida's charter schools and an aquaculture farm in Central Florida.

Under the EB-5 program, through investments of at least $1 million — or $500,000 for "targeted employment areas" — foreign nationals are able to obtain legal residency in the US so long as the money they invest will help secure or create at least 10 full-time jobs.

A group of Chinese investors have put $30 million into the state's charter school program to date and are looking to invest three times that amount in the next year, Ilona Vega Jaramillo, director of international business development for Enterprise Florida, the state's economic development arm, said in a US-China roundtable discussion last week.

[Starry Messenger]

5. This of those who warned this exact thing was going to happen?

Have been told for years that we were alarmists who just didn't want kids to learn. I'm sickened that all the teacher bashers are now totally silent on this.

[proud2BlibKansan]

6. I'm satisfied to see we are being proven right.

I'd just as soon the teacher bashers stay away.

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7. I guess what I'd like to see is some public acknowledgment --

But I guess that probably isn't going to happen, lol.