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VOL. 127 | NO. 63 | Friday, March 30, 2012

Plough Fdtn. Awards $1.7M to Increase College Grad Rate

By Aisling Maki

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The Plough Foundation has awarded a $1.7 million grant to the Memphis Talent Dividend College Attainment Initiative, whose purpose is to increase the number of college graduates in the Memphis metropolitan area by 1 percent over the next five years.

Organizers say a 1 percent increase in college attainment would yield a $1 billion increase in personal income, giving the community a significant economic boost.

Memphis Mayor A C Wharton, Jr. joined representatives from Leadership Memphis, the Memphis-Shelby County Public Library system and The Plough Foundation Thursday, March 29, to announce the grant.

The $1.7 million award will fund the creation, staffing and operations of a college resource center called Graduate Memphis, which will be dedicated to post-secondary education attainment among adults.

The program will be funded over a three-year period, with the center housed at the Benjamin Hooks Central Library and expected to open in July. It will offer information through a website, interactive kiosk and individual counseling, both in person and through a toll-free hotline.

The Memphis area is home to an estimated 200,000 adults ages 25 and older who have started a college education but never completed their degrees.

Look for more in Monday’s edition of The Daily News and at memphisdailynews.com.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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