Isaac Strack
Design Technologist and all-around mediocre soccer player.
WIT
Assisting the next generation workforce
through next generation education
problem #1
there's not enough workers
NEtworking
Graph for degrees vs. demand: Network
Computer Science
Graph for degrees vs. demand: Cs
impact to utah
- Many companies making geographic decisions
(talent is the new gold rush) - Contracting / Consulting companies for your projects
(local outsourcing saves $) - CS + Networking jobs are 3rd highest paying (taxes)
- Companies moving operations to Utah lifts the entire market / economy
Small talent pool = less incentive to move to Utah
Impact to *YOU*
- How many open positions do you have?
- How long have these positions been open?
- How much longer are your understaffed projects taking?
- How much money is that costing you?
- Can you outsource projects locally?
- What is the extra cost / effort?
- What does the wait time cost you?
PROBLEM #2
we are failing our kids
career preparation
- Breakdown of future (heck, present!) job need
(show how important technology is) - every profession will require basic technology experience
- public school system can't adjust quickly enough
- college is too late / college admissions competition
- college is expensive
Methodology
- Current CORE reqs are insufficient / outdated
- Curriculums are inflexible
- lecture-based learning is not effective
- not empowering teachers
- some students don't 'fit the mold'
(super smart or special needs)
class availability
graph / explanation : 6%!
graph/explanation: SL County 5% of that 6%!
graph: contrast demand, supply, and 2ndary ed. focus?
the effect
- Underprivileged = Under-educated
- Can't compete globally
- America's innovation / tech rating - [graphs / explain]
- If we don't do something, we're headed for disaster
the wit solution
a Technology-first Education
- Full HS curriculum
- Networking Track
- CS Track
- Bachelors degree equivalent skill set
- open, free + accessible to all Utah students
accessibility
- Not geographically limited (no school district limitations)
[map of current student enrollment] - Adjacent to public transit (UTA / Trax)
[map of building location , picture of building]
next generation education
- Project-based learning
- higher interest = better learning
- real-world experience (companies are project based)
- proven effective for special needs kids
- Agile teaching methodology
- 3 week curriculum vs. 1 year / 1 semester
- Empowers educators
- Provides flexibility in subject matter
career preparation
incubation projects
- Exposure to actual projects, methodologies
- Responsible to actual companies
- Build relationships before college
- Valuable, resume-quality experience
internships
- Hands-on exposure to actual projects
- Real-world, on-the-job training
- Build strong relationships
- Even more valuable, resume-quality experience
Doing the right thing
CORPORATE RESPONSIBILITY
Rare opportunity to improve the community and materially benefit your company at the same time.
IMPROVING EDUCATION
This is the future of education. You have an opportunity to help pioneer the next generation of education.
MAKING A DIFFERENCE
Those that help us overcome our current funding gap have an opportunity to leave a legacy.
broadening the talent pool
Raising the water table
- Fully operational = 35% increase in career-ready CS/Tech talent [graph/explan. of college degrees vs. WIT graduates]
preferred pipelines
- Incubator and Internship providers cultivate early talent.
(get your pick of the litter, so to speak) - Investors, Sponsors & Donors build preferential relationships
Problem #3
barriers of entry
the developer dilemma
- Utah charter schools are wildly successful (92 for 92?)
(the definition of a safe investment) - The building is critical to recruitment
(sooner the better) - First 3 years are the most delicate - bonding is relatively easy after that
Financing limitations
- A lot of capital
- A high interest rate
- Require school to carry the loan and pay a lease
- Effective interest rate 1st year: 44%!
- Prepayment penalties
- Compromises / cutting corners on the building
graph / stat showing $2m difference on a $3.5m building
timing
Opportunities are coming:
- State legislation - to specifically finance charter HS-s
- Crowdfunding
- Direct Public Offerings for non-profits
- Charter School Credit Union
But they aren't coming fast enough:
- The "winter window" - best to break ground in Dec.
- 6 month development window is aggressive
- recruiting window is Nov-Feb
limited options
- Developer option locks us in - wastes $2m
- High interest VC / Loan threatens 1st year - operating budget too high
- Waiting risks building completion and recruitment
funding solutions
investment
Option #1
- Explanation of AMCU loan
- Rates / Terms
Option #2
- Full Building Funding
- Rates / Terms
- Reminder: success rate of Charter schools
- Non Profit = tax benefits?
SPONSORSHIP
Option - Sponsor / co-sponsor Building
Branding / naming options, etc
Option - Sponsor equipment, facilities
Option - Sponsor events
[upcoming code night, prizes for other events, etc]
Option - Networking / Advertising
-encourage employees to participate and spread the word
-evangelize to local and national organizations
-Quotes, articles/blog entries, acknowledgments
Corporate Giving
Option - Direct donation
[501c3, etc]
[501c3, etc]
Option - Corporate matching
encourage, with existing policy
OR
encourage investment (interest-bearing note) by modifying matching program - Company will match investment as a donation.
[show levels]
DOING THE RIGHT THING
CORPORATE RESPONSIBILITY
Rare opportunity to improve the community and materially benefit your company at the same time.
IMPROVING EDUCATION
This is the future of education. You have an opportunity to help pioneer the next generation of education.
MAKING A DIFFERENCE
Those that help us overcome our current funding gap have an opportunity to leave a legacy.
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By Isaac Strack
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