Teacher Retention Improves in Newport News Public Schools through Accelerating Change Together (ACT) Grant
Virginia Natural Gas (NYSE: SO) and partners funded a $500,000 ACT Grant awarded in December 2024 to Newport News Education Foundation to expand the Newport News Public Schools New Teacher Institute (NTI).
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Rhea-AI Summary
Virginia Natural Gas (NYSE: SO) and partners funded a $500,000 ACT Grant awarded in December 2024 to Newport News Education Foundation to expand the Newport News Public Schools New Teacher Institute (NTI).
NTI reduced novice teacher turnover from 36% (2023–24) to 16% (2024–25) after one year, and the grant is structured as a three-year, step-down award supporting training, substitute coverage, and the iTeach licensure pathway.
Positive
- $500,000 grant awarded in December 2024
- Novice teacher turnover fell from 36% to 16% (2024–25)
- NTI expanded to provide two-year mentorship and job‑embedded training
- Grant funds enable full-day training via dedicated substitute coverage
Negative
- Funding is a three-year, step-down grant, implying reduced future support
Details
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On Mar 17, the day this news came out, FERG closed 1.06% above the previous close.
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Key Figures
- ACT Grant amount
- $500,000
- Awarded to Newport News Education Foundation in December 2024
- New teachers share
- Nearly 30%
- NNPS classroom teachers in first three years of service
- Turnover reduction goal
- 20%
- Target reduction in novice teacher turnover for NTI program
- Baseline turnover
- 36%
- Novice teacher turnover rate in 2023–2024
- Latest turnover
- 16%
- Novice teacher turnover rate in 2024–2025 after NTI support
- Addressable market
- $340B
- Residential and non‑residential North American construction market
- Ferguson sales
- $30.8 billion
- Ferguson FY25 sales cited in article
- Ferguson associates
- Approximately 35,000
- Number of associates across Ferguson’s network
Historical Context
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Definitive proxy and transition report filed; annual meeting set for April 30.
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Directors and a PDMR acquired shares via dividend reinvestment plan.
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Form 10‑KT submitted, confirming access to detailed financial statements.
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Reported higher 2025 sales and EPS, issued 2026 guidance and cash flow data.
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Announced $0.89 per share dividend with March and April key dates.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
With nearly
The NTI is a two-year program that welcomes new educators into the NNPS school division through mentorship, training, and community engagement. With ACT Grant support, the NTI set an ambitious goal to reduce turnover among novice teachers—those with five years of experience or less—by
"We are truly grateful to BayPort, Ferguson, Newport News Shipbuilding, and Virginia Natural Gas for their investment in our new teacher institute. The ACT Grant funds provide essential training, support, and resources for new educators, enhancing their effectiveness in the classroom and boosting retention," said Dr. Michele Mitchell, Superintendent of
The ACT Grant contributions committee expressed that supporting this institute is vital for developing a strong and sustainable educational system. By investing in teachers, the program helps create better opportunities for students across
In the first year of a three-year, step-down grant, NNPS invested in professional development that delivers "just-in-time" support and job-embedded learning aligned to each teachers' grade levels and subject areas. The program's success is made possible by dedicated substitute coverage allowing teachers to engage in full-day training and coaching. The NTI also offers targeted professional development, including the innovative iTeach licensure pathway to support new educators' success.
The ACT Grant initiative was launched in 2022, with the first recipient being the Virginia Beach Education Foundation and
About BayPort Foundation
BayPort Foundation is the charitable arm of BayPort Credit Union, headquartered in
About Ferguson
Ferguson (NYSE: FERG; LSE: FERG) is the largest value-added distributor serving the water and air specialized professional in our
About HII
HII is America's largest shipbuilder, delivering the world's most powerful ships and all-domain mission technologies, including unmanned systems, to
About Virginia Natural Gas
Virginia Natural Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Virginia Natural Gas provides natural gas service to nearly 300,000 customers in southeast
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SOURCE BayPort Credit Union
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