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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 74 312 15,378
MORTGAGES 125 389 20,168
FORECLOSURE NOTICES 23 109 3,995
BUILDING PERMITS 431 872 36,714
BANKRUPTCIES 54 232 14,575
BUSINESS LICENSES 9 64 5,193
UTILITY CONNECTIONS 71 312 22,129
MARRIAGE LICENSES 10 83 4,746

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