Bloomberg, Who Championed School Choice as NYC Mayor, Announces $750M Effort to Grow Charter Sector in 20 U.S. Cities
By Linda Jacobson
Former New York City Mayor and 2020 presidential candidate Michael Bloomberg has launched a five-year, $750 million effort to support charter schools in 20 U.S. cities, his foundation announced Wednesday.
Citing the pandemic’s disproportionate impact on Black, Latino and low-income students — and reports that charters were quicker than traditional schools to provide virtual instruction during school shutdowns — Bloomberg’s statement said, “Charter schools can help spread opportunity more equitably to students of all backgrounds nationwide.”
With plans to add 150,000 new seats for students, Bloomberg Philanthropies will award grants to new and existing nonprofit, non-virtual charter schools in 20 metro areas, provide funding to launch new models, and support efforts to create more racial diversity among charter teachers and leaders. Grants can also be used to build and upgrade facilities.