Secretary Duncan Announces the Investing in Innovation Program

To see the press release, fact sheet, slide show, press call transcript, webinar, and a link to the Notice of Proposed Priorities, Requirements, Definitions, and Selection Criteria, please go to: http://www.ed.gov/news/pressreleases/2009/10/10062009a.html

The Notice of Proposed Priorities, Requirements, Definitions, and Selection Criteria is now available for public comment.

To view the notice, please go to: http://www.ed.gov/legislation/FedRegister/proprule/2009-4/100909a.html

To submit comments on the notice, please go to www.regulations.gov

Please note that the public comment period ends on November 9, 2009.

CFDA Numbers: 84.396A, 84.396B, 84.396C
Program Type: Discretionary/Competitive Funds

The Investing in Innovation Fund, established under section 14007 of the American Recovery and Reinvestment Act of 2009 (ARRA), provides funding to support (1) LEAs, and (2) nonprofit organizations in partnership with (a) one or more LEAs or (b) a consortium of schools. The purpose of the program is to provide competitive grants to applicants with a record of improving student achievement, in order to expand the implementation of, and investment in, innovative practices that are demonstrated to have an impact on improving student achievement or student growth for high-need students, as well as to promote school readiness, close achievement gaps, decrease dropout rates, increase high school graduation rates, and improve teacher and school leader effectiveness.
These grants will (1) allow eligible entities to expand and develop their work so that their work can serve as models of best practices, (2) allow eligible entities to work in partnership with the private sector and the philanthropic community, and (3) identify and document best practices that can be shared and taken to scale based on demonstrated success.

¹ Much of the information on the Investing in Innovation program has been proposed in the Notice of Proposed Priorities. Those proposed requirements will not become final, and are subject to change based on public comment, until a final notice issued.