Verizon to Invest More Than $400 Million in STEM Education

Verizon Communications Inc. announced it will invest more than $200 million in additional funds towards Verizon Innovative Learning, providing immersive next-gen technology, teacher training, STEM curricula and connectivity to under-resourced students in New York City and across the United States. To date, Verizon previously invested $200 million in education and reached one million students.
With its new total investment of more than $400 million over the next five years, Verizon announced its goal to double the number of in-school programs it supports from 100 middle schools, beginning in September 2018, to 200 middle schools by the end of 2020. Verizon will also give these schools access to 5G and continue programs in urban and rural communities that expose students to skill-building in augmented reality, machine learning, coding, 3D printing and more, reaching a total of an additional five million students by 2023.
“Verizon has become increasingly concerned about the chasm between those Americans who are prepared to thrive in the digital age, and those who are not,” said Lowell McAdam, Chairman and CEO of Verizon. “Our mission, which we call “Humanability,” is to give people the ability to do more in this world— that’s why it’s paramount we invest to give kids the technology education and resources they need to succeed”.
Participating Verizon Innovative Learning schools receive in-depth and ongoing teacher training, curriculum guides, tablets and 4G LTE data plans. Some also receive innovation labs outfitted with the latest equipment and connectivity. Students in Verizon Innovative Learning programs have demonstrated increased proficiency in reading and math* with the majority of students more engaged in school.
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