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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 72 368 16,413
MORTGAGES 66 422 21,432
FORECLOSURE NOTICES 15 76 4,266
BUILDING PERMITS 176 877 39,378
BANKRUPTCIES 60 294 15,542
BUSINESS LICENSES 20 98 5,491
UTILITY CONNECTIONS 69 423 23,573
MARRIAGE LICENSES 17 95 5,035

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