This is a good article. The company Thinkgate (a Charlotte based company) was paid millions in Race To The Top Money. Yet, they close their doors a year after moving to North Carolina.
Education Tech company, Thinkgate LLC, shut its doors this past week.
The company was located in Charlotte, North Carolina and provided a number of services to the North Carolina and other states. The company moved their headquarters to North Carolina just over a year ago.
My gut reaction to this news — is this the start of an education version of Solyndra?
According to Washington Post, Thinkgate was paid by some states with Race To The Top funds:
An education technology company has folded after receiving millions of dollars in federal Race to the Top funds to provide online assessments and other services to school districts.
Charlotte-based Thinkgate LLC shut down last week, according to state education officials in Ohio and Massachusetts, two states that used Race to the Top money…
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