|| Print ||
|Articles - February 2011|
|Thursday, January 27, 2011|
Page 1 of 4
STORY BY LINDA BAKER // PHOTOS BY LEAH NASH
On the second floor of a KinderCare center in downtown Portland, eight preschoolers are coloring pictures of Chinese characters while listening to their teacher speak in Mandarin. On the other side of the room, which is decorated with parasols and Chinese lanterns, another group is interacting with a different teacher — who is speaking in English. Eventually the groups will switch, with the entire class spending half the day learning in Chinese, the other half in English.
Now in its third year, the Mandarin immersion program got its start when Knowledge Universe, KinderCare’s parent company, came across a model program while scouting acquisitions in Singapore. “We thought this was a really innovative and important way to deliver dual language, which is something the United States is particularly remiss in,” says Elanna Yalow, executive vice president at Knowledge Universe. “It is much easier to develop second-language competency at a young age,” Yalow says. “So we brought that program over and implemented it in several locations.”
KinderCare’s Mandarin immersion program is a window on the world of Knowledge Universe, a global education services conglomerate that has its U.S. headquarters in Portland. The company, which employs 40,000 people on three continents, is the largest single private provider of early childhood education services in the country. It also has the biggest market share in the United Kingdom, Malaysia and Singapore, where the company’s global headquarters are located.
Founded by former junk bond king Michael Milken and his brother, Lowell Milken, in 1996, Knowledge Universe, which earned $1.6 billion in revenue last year, targets early childhood learning programs. But the company also oversees or has a stake in business units in K-12, online and post-secondary education. “We are cradle to as-long-as you-are-a-lifelong-learner,” says Felicia Thornton, Knowledge Universe’s Portland-based chief executive officer for U.S. operations. Like the Mandarin program, the broader corporate mission is based on global best practices, Thornton says.
“When you look at Singapore, you realize they don’t differentiate early childhood from K-12 or university,” says Thornton. “They look at that entire continuum as critically important.” Singapore’s growth rate is 20%, she adds. “It’s not by natural resources, not by anything other than investment in human capital. It’s just staggering.”
Knowledge Universe isn’t alone in touting the benefits of high-quality education, especially early childhood education, as the key to a nation’s economic success. As concerns about U.S. educational performance and lack of competitiveness mount, state and national leaders — from Kitzhaber to Obama — are calling for universal preschool as a centerpiece of education reform. These initiatives would build on existing state-funded preschool programs, which already serve more than 1 million 3- to 4-year-olds around the country.
In this environment, private sector innovation is only one part of the company’s business. One quarter of the 200,000 children Knowledge Universe serves in the U.S. receive a child care subsidy for low-income families, a reflection of the changing nature of for-profit care in this country, and the public-private partnerships that may become the signature of early childhood education initiatives.
Such alliances are vulnerable to the recession. They also spotlight the role of the for-profit sector, not always a welcome participant in the K-12 arena, in shaping the public preschool agenda. But with its global footprint, lofty rhetoric and socioeconomically diverse client base, KU is plowing ahead, carving out a niche in a market that by 2015 is expected to exceed $39 billion a year, according to Global Industry Analysts.
Tuesday, August 26, 2014
BY LINDA BAKER
David Howitt explains why Portland consumer brands like Stumptown and Voodoo Doughnuts are taking the world by storm.
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
Wednesday, August 27, 2014
Tom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.
Friday, September 12, 2014
BY TOM COX | OB BLOGGER
I often talk about what leaders can do. What about followers? If you’re a team member and you’d like to add positivity to your team, what might you do?
Wednesday, August 27, 2014
BY JESSICA RIDGWAY
How State Representative Julie Parrish (House District 37) balances life between work and play.
Tuesday, August 26, 2014
BY COURTNEY SHERWOOD
Janice Levenhagen-Seeley reprograms tech.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
|A Taste of Heaven|
|A Good Leap Forward|
|Fast Food Slows Down|
|Startup or Grow Up?|
|U.S. retail sales driven by car, health purchases|
|New iPhones face shipping delays|
|New York, nation pause to remember 9/11|
|Nine in 10 U.S. children eat too much salt|
|Apple unveils bigger iPhones, wearables|
|Krispy Kreme Doughnuts profit rises|
|Twitter tests 'Buy' button feature|
Is your business ready to join us in the call for action? This opening panel includes Oregon businesses who will discuss why they signed the Oregon Climate Declaration, the investments they are making to reduce carbon emissions, and how their actions are affecting their companies.
Get ready for two days of special events produced with the EPA, Portland Timbers and ISOS before and after the GoGreen Conference on October 16.
First Call Resolution targets employee well-being and client satisfaction.
How six leading foundations are working together for a better Oregon.
Vigilant enters a New Year with a new president.
Sussman Shank is proud to announce that eight attorneys have been selected by their peers for inclusion in the 2015 edition of Best Lawyers in America, the oldest and most respected peer-review publication in the legal profession.
Lane Powell Shareholder William T. Patton has been appointed to the board of directors for Cascade AIDS Project, an organization that provides educational services and outreach to thousands of Oregonians living with HIV/AIDS.