Projo Biz Blog

PROVIDENCE -- The assets of a business-backed advocacy group, the Education Partnership, which went into receivership in June, are slated to go up for auction next week, the auction company announced today.

Tuesday's auction will be at the nonprofit partnership's 345 South Main St., Providence, location, according to a news release from Sal Corio of SJ Corio Company, which will handle the auction for court-appointed receiver Allan M. Shine of Winograd Shine & Zacks.

Live auction bidding will begin at 10:30 a.m. Tuesday. The news release said potential buyers are welcome to inspect items for sale by appointment before to the auction day or starting at 9 a.m. on the auction day.

On Tuesday a judge approved a plan that will let a pair of education leadership programs continue while an accounting firm sorts through Education Partnership finances.

Superior Court Judge Michael A. Silverstein said that the plan was "clearly in the public interest," so he authorized Shine, the receiver, to serve as a conduit for a federal grant, pay vendors and have another nonprofit group run the leadership programs.

The partnership had run the Principal Residency Network, which readies teachers to be principals by matching them with mentors, and the Learning Leader Network, which gives seminars for teachers and school administrators.

Each year, U.S. Department of Education grants had supported the programs. Last October, Congress approved $191,000 for the programs. The Education Partnership began the programs for the 2008-09 academic years on Jan. 1 and finished the programs' first segment before the organization stopped operating.

-- projo.com staff writer Michael McKinney, with Journal reports

 Tags  auction Education Partnership

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