Governor Accepts Half Million Dollar Grant From Bank One

GOVERNOR ACCEPTS HALF MILLION DOLLAR GRANT FROM BANK ONE
Funds to Support Early Education

Governor Janet Napolitano today accepted a $500,000 grant from Bank One, a
JPMorgan Chase company, to build early education teacher development programs and child
literacy programs throughout the state.
The grant provides financial support to the Arizona Early Education Fund for the creation of the
Chase Early Education Emergent Leaders Program and the development of statewide curriculum
and literacy programs.
"This grant is the success of another public-private partnership," said Napolitano. "Bank One's
gift sets the stage for other corporations and private donors to come forward and show their
support for Arizona teachers and most importantly Arizona children."
The payoffs are huge. According to a recent study, children who benefit by investment in their
early education are far less likely to end up on welfare, in prison or to need remedial education.
The Perry Preschool Study estimates that every dollar invested in high-quality early childhood
education saves $17 in long-term welfare, criminal justice, remedial education and other costs.
The Emergent Leaders program is a yearlong course focused on developing the leadership,
management and advocacy skills of those working in early childhood education. Early childhood
education professionals are selected through a competitive application process and represent the
cultural and geographic diversity of Arizona. Emergent Leaders serve as creative leaders and role
models to others in the early childhood education field.
Napolitano also congratulated the first graduating class from the Emergent Leaders program. The
graduation took place immediately following the Bank One grant presentation.

http://www.governor.state.az.us/press/June05/061005%7EBankOneGrantAnnouncement%7ENR.pdf