Mike Linksvayer has a new post announcing that the Obama administration will be giving out $50 million for open educational resource development. From the post:
The federal government has proposed to invest $50 million per year for the next 10 years in creating an Online Skills Lab to develop exemplary next-generation instructional tools and resources for community colleges and workforce development programs. These materials will be available for use or adaptation with the least restrictive Creative Commons license.
Commentary by Leigh Blackall.
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I believe the initiative you are referring to is the SAFRA legislation, which would provide $50M/year for 10 years (or, $500M total) for OER development. The legislation still needs to be passed by Congress.
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