Florida Prep Academy in Melbourne has been sold to NewOpen USA, a subsidiary of the Chinese company, Chongquin. The company has made a ‘significant’ investment in the private school. The operation of the school will remain under its President, James Dwight.
Florida Prep will be the first investment by a Chinese company in a U.S. school, but it will not be the last. They plan to expand. The investment may not ordinarily be noteworthy. Chinese companies buy properties in the U.S. all the time. Florida Prep, however, accepts FTC scholarships. These are funded by tax rebates to Florida companies.
Florida already has a number of Gulen owned schools run by the Turkish foundation. These schools are charter schools that take funding directly from Florida tax payers.
Interesting issue, who should own our schools? Privatization of our schools has consequences far beyond our legislature’s awareness.