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Maryland Affiliate for the Business, Management, and Finance (BMF) Programs

Grant to a Maryland IHE or Nonprofit to Improve
Undergraduate Business, Finance, and Management Curricula

Agency Type:

State

Funding Source:

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Maryland State Department of Education (MSDE) - Division of Career and College Readiness

Deadline Date:

01/16/18 Emailed or Postmarked

Description:

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Grant to a Maryland college, university, nonprofit educational organization, workforce intermediary, or industry association to support a business, finance, and management program of study. The intention of this program is to offer students an opportunity to take part in high-quality, rigorous business instruction.

The purpose for this grant is to identify a Maryland public or independent college or university; or nonprofit educational organization, workforce intermediary or industry association with demonstrated success in providing education, workforce development, or curriculum in Business-related careers to act as an “Affiliate” that will enter into an agreement with the Maryland State Department of Education (MSDE) to support the Business, Management, and Finance (BMF) state programs of study. The Affiliate, in collaboration with MSDE, will provide and/or coordinate the following activities over a three and one-half year grant period based upon successful performance of the first year and availability of funds.

A. Convene the BMF State Advisory Committee (SAC), guide the development and adaptation of relevant and rigorous guidelines, lesson plans, resources, related materials, and projects for each of the BMF Career Pathways (Business Management, Accounting and Finance, Marketing, and Academy of Finance);

B. Provide professional development opportunities for BMF teachers;

C. Explore options for awarding credit (articulated or transcripted credit for high school students in BMF programs and graduate credit or continuing professional development for teachers);

D. Identify members to serve on the SAC and attend MSDE convened meetings; and

E. Develop online resources and documents that could be shared on MSDE’s Blackboard platform to support a Professional Learning Community (PLC) for teachers and statewide communication.

Priority will be given to applicants that demonstrate readiness to meet the requirements set forth in this RFP and best explain how the affiliate will be sustained after three and one-half years of grant funding.

Funds may be used for:
-Personnel expenses, including salaries and fringe benefits; or faculty stipends for instructors for the Summer Professional Development (PD) for Business, Management, and Finance. Stipends are only allowable for work performed outside the regular work day or contract;
-Stipends or salaries for support staff to manage registration for the BMF professional development sessions for instructors during the school year and summer session(s) outside the regular work day or contract;
-Consultant services (Consulting fees are limited to $500 per day, plus travel expenses.)
-Consultant travel expenses cannot exceed state per diem rates which are: Mileage: $0.54/mile; Breakfast: $9 o Lunch: $11; Dinner: $25
-Per diem rates also apply to anyone participating in professional development activities who claim expenses from this grant;
-Instructional materials and supplies to support curriculum development, implementation and professional development; and
-Administrative costs not to exceed 5% of the total grant, including indirect costs.

The General Education Provisions Act (GEPA), Section 427:
Each applicant must develop and describe the steps such applicant proposes to take to ensure equitable access to, and equitable participation in, the project or activity to be conducted with such assistance, by addressing the special needs of students, teachers, and other program beneficiaries in order to overcome barriers to equitable participation.

Background:

The BMF programs of study provide students with an opportunity to participate in a high quality, rigorous instruction to learn broad knowledge skills and technical skills related to one of the four specific programs of study. Business remains the number one college major in the nation overall for both men and women. Maryland needs to prepare more students to become business and finance professionals in order to provide a qualified workforce in support of the state’s economic development priorities and workforce needs.

The overarching goals of BMF are to help students:
-Develop skills for success and other workforce requirements such as workplace readiness, computer applications, written and oral communication skills, financial accounting skills, and leadership skills;
-Develop an awareness of and respect for the diversity of the world of work;
-Understand the relationship between school performance and future employment opportunities;
-Access work study, internship, mentorship, and job shadow opportunities;
-Access student organizations such as DECA and FBLA;
-Obtain industry certifications where appropriate; and
-Earn college credits through articulation agreements and dual enrollment.

The BMF programs of study prepare students for academic studies in undergraduate business programs. The Maryland BMF cluster focuses on five programs of study based on the Maryland State Department of Education framework for Business, Management, and Finance. The programs of study are: Business Management, Marketing, Accounting and Finance, Business Administrative Services, and support for the Academy of Finance program sponsored through the National Academy Foundation (NAF). Each course within a program of study should be developed with regional postsecondary education and business partners including the BMF State Advisory Council (SAC). It is recommended that students in all programs of study take the same two core courses – Principles of Business Management and Entrepreneurship and Principles of Accounting & Finance. Upon completion of the two courses, students are required to complete the remaining credits in their selected program of study as listed below.

1. Business Management Pathway
a. Advanced Business Management
b. Business Management and Entrepreneurship Capstone (NEW title!)
2. Accounting and Finance
a. Advanced Accounting
b. Accounting & Finance and Entrepreneurship Capstone (NEW title!)
3. Marketing
a. Introduction to Marketing
b. Advanced Marketing and Entrepreneurship Capstone (NEW title!)
4. Business Administrative Services
a. Office Systems Management I
b. Office Systems Management II
5. Academy of Finance (course development supported by NAF)

Local School Systems (LSSs) are responsible for developing a work plan from the developed recommended curricula for each program of study. Teachers are to use the resources developed to give students the appropriate academic, technical and employability skills that would prepare those students for career and college readiness. Students develop skills and knowledge throughout the programs of study to successfully participate in the CLEP exam, and/or Microsoft Office Specialist (MOS) Certification. These opportunities give the students an experience in a “real” case study project and a chance to earn business college credits similar to the Advanced Placement exams. Students participating in the BMF Program also have the opportunity to further develop these skills through a supervised work internship or mentorship; and, student organizations such as DECA and FBLA.

Affiliate Activities:

The Maryland State Department of Education invites Maryland’s colleges and universities; and non-profit organizations, workforce intermediaries, or industry associations with a proven record of successful Business, Management, and Finance education programs or success in providing education, workforce development, or curriculum in Business-related careers to submit proposals to become a Career and Technology Education (CTE) Program Affiliate for the BMF Program of Study.

Maryland’s BMF Affiliate will serve schools, teachers, school counselors and administrators that have joined a network of secondary schools who have adopted or who are planning to adopt the BMF CTE State Programs of Study. The Program Affiliate will assist in the development of curricula which includes but is not limited to a revision of the current guidelines and the other factors listed below.

Year 1 (February 1, 2018 – June 30, 2018):

A. Provide a detailed course syllabus which includes a breakdown of 6-8 major units for the Principles of Business Management & Entrepreneurship course; and
B. Update/enhance the current BMF course guide to include a pacing guide with 6-10 objectives and indicators for each major unit in alignment with university standards. The majority of instruction should be covered in a one-credit course for the Principles of Business Management & Entrepreneurship.
C. Develop or select 1-2 appropriate lesson projects for each objective or indicator within each unit.

Each lesson project should include the following:
1. Identify or develop 1-2 handouts, PowerPoints, and other relevant resources for each objective or indicator;
2. Identify or provide a minimum of one (1) assessment, assessment tool or link to assessment tools; and
3. Identify a minimum of one (1) online tool and video tutorial for each unit in the Principles of Business Management & Entrepreneurship course.

Year 2 (July 1, 2018 – June 30, 2019):

A. Provide a detailed course syllabus which includes a breakdown of 6-8 major units for each of the courses listed below.
1. Principles of Accounting & Finance course; and
2. Introduction to Marketing course
B.Update/enhance the current BMF course guide to include a pacing guide with 6-10 objectives and indicators for each major unit in alignment with university standards. The majority of instruction can be covered in a one-credit course for each course listed above in A.
C. Develop or select 1-2 appropriate lesson projects for each objective or indicator within each unit for each course listed above in A.

Each lesson project should include the following:
1. Identify or develop 1-2 handouts, PowerPoints, and other relevant resources for each objective or indicator;
2. Identify or provide a minimum of one (1) appropriate assessment, assessment tool or link to assessment tools that align with each unit; and
3. Identify a minimum of one (1) appropriate online tool and video tutorial for each unit in each course listed above in A.

Year 3 (July 1, 2019 – June 30, 2020):

A. Provide a detailed course syllabus which includes a breakdown of 6-8 major units for each of the 11th/12th grade course, Advanced Business Management.
B. Update/enhance the current BMF course guide to include a pacing guide with 6-10 objectives and indicators for each major unit in alignment with university standards. The majority of instruction can be covered in a one-credit course for each course listed above in A.
C. Develop or select 1-2 appropriate lesson projects for each objective or indicator within each unit for each course listed above in A.

Each lesson project should include the following:
1.Identify or develop 1-2 handouts, PowerPoints, and other relevant resources for each objective or indicator;
2. Identify or provide a minimum of one (1) appropriate assessment, assessment tool or link to assessment tools that align with each unit; and
3. Identify a minimum of one (1) appropriate online tool and video tutorial for each unit in each course listed above in A.

Year 4 (July 1, 2020 – June 30, 2021):

A. Provide a detailed course syllabus which includes a breakdown of 6-8 major units for each of the 11th/12th grade course, Advanced Accounting.
B. Update/enhance the current BMF course guide to include a pacing guide with 6-10 objectives and indicators for each major unit in alignment with university standards. The majority of instruction can be covered in a one-credit course for each course listed above in A.
C. Develop or select 1-2 appropriate lesson projects for each objective or indicator within each unit for each course listed above in A.

Each lesson project should include the following:
1. Identify or develop 1-2 handouts, PowerPoints, and other relevant resources for each objective or indicator;
2. Identify or provide a minimum of one (1) appropriate assessment, assessment tool or link to assessment tools that align with each unit; and
3. Identify a minimum of one (1) appropriate online tool and video tutorial for each unit in each course listed above in A.

In addition, the Affiliate will provide professional development to secondary instructors whose LSSs have adopted the BMF Programs of Study. Further, the Affiliate will explore opportunities in the state to offer college credit or industry certifications to those secondary students that successfully complete the BMF Program of Study and have met the agreed upon criteria. The affiliate will also make an effort to provide graduate and/or continuing professional development (CPD) credit to the teachers participating in the professional development. Finally, to support statewide communication among BMF teachers, the Affiliate will develop online resources and documents that can be shared on MSDE’s platform, Blackboard.

GrantWatch ID#:

GrantWatch ID#: 181673

Estimated Total Program Funding:

$105,000

Number of Grants:

One grant will be awarded.

Estimated Size of Grant:

The affiliate may receive up to $105,000 over three and one half years. During the first fiscal year (February 1, 2018 to June 30, 2018), the applicant may apply for up to $15,000.

Note: The balance of the funds may be applied to the subsequent years of the grant pending the availability of federal funds, submission of approvable work for the prior grant year and demonstrated institutional capacity to sustain the Affiliate.

Term of Contract:

The grant is made on a yearly basis beginning July 1, 2018 to June 30, 2019, and the following State fiscal years of July 1, 2019 to June 30, 2020 and July 1, 2020 to June 30, 2021. The Affiliate is expected to be self-sustaining after the three and one-half year grant period.

Additional Eligibility Criteria:

Eligible applicants are Maryland public or independent colleges and universities that offer associate, baccalaureate and accelerated degrees or certifications and demonstrate a proven record of successful Business, Management, and Finance programs.

Also, nonprofit educational organizations, workforce intermediaries or industry associations with demonstrated success in providing education, workforce development, or curriculum in Business-related careers are eligible applicants.

Funds may not be used for:
-Program maintenance at current performance levels;
-Purchase of equipment for administrative purposes;
-Furniture for classrooms or laboratories, Internet wiring or capital improvements;
-Purchase of career information delivery system site licenses;
-Travel, except as specified by the grant;
-Purchase of distance learning equipment or infrastructure;
-Tuition for teachers or students;
-Promotional items (e.g. shirts, key chains, bags, mugs); or
-Purchase of equipment or computers for any purpose except as specified by the grant.

Pre-Application Information:

All required grant submissions must be emailed or postmarked by January 16, 2018.

The successful applicant will be notified of the grant award on or before January 31, 2018. Spending authority is effective on the first day of the month that all required elements are received in approvable form, but not before February 1, 2018.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Submit applications to:

Jeanne-Marie Holly, Program Manager
jeanne-marie.holly@maryland.gov

Maryland State Department of Education
Career and Technology Education Systems Branch
200 West Baltimore Street, Third Floor Baltimore
Maryland 21201
Attention: Jeanne-Marie Holly

Technical assistance and additional copies of all required reporting forms and amendment request forms may be requested from:

Diana Hegmann, CTE Education Program Specialist
Division of Career and College Readiness
410-767-0536
diana.hegmann@maryland.gov

Maryland State Department of Education
200 West Baltimore St.
Baltimore, Maryland 21201

URL for Full Text (RFP):

Geographic Focus:

USA: Maryland