Ed Tech Company That Received Millions in RTTT Funds Shuts Down

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.

Lady Liberty 1885

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.

Just six months ago, Thinkgate hired a new controller and moved into brand new office space in downtown Charlotte.

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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About George Fisher

George is a freelance writer, an author and a Democratic political consultant. He has worked as Deputy Communications Director for a Senatorial campaign and Campaign Manager for several NC House races and one congressional race. He previously worked as a news producer for a local television station.
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