SUBIC BAY FREEPORT - Quiz Bee School, Inc., an educational institution offering private pre-elementary, elementary and secondary education in this free port, has committed to invest P8 million worth of development within the next six years under its expansion program.
According to a lease development contract signed recently by Quiz Bee President Gloria P. Tayag and Subic Bay Metropolitan Authority (SBMA) Chairman Roberto V. Garcia, the school management will invest a total of P3 million under Phase 1 of its development program.
This will be followed by P2 million for the second phase, and P3 million for the final phase of the program.
The new contract gives Quiz Bee School, Inc. a new lease term of 25 years for a property located at the Subic Gateway District in this free port.
The school, which was founded here in 2009 as the Quiz Bee Early Learning Center, initially offered only pre-elementary and Grades 1 to 3 courses under the Department of Education curriculum, but will now be offering from Kindergarten to Grade 12 (K to 12) basic education program.
Tayag said that aside from the P8-million development commitment, Quiz Bee will also provide a total of 24 scholarship grants annually to help provide for the education of youth coming from the Subic Bay community.
These will be composed of eight “tuition fee only” scholarship grants per year, starting school year 2016-2017 open to qualified students; 15 “tuition fee only” scholarship grants open exclusively to SBMA employees’ dependents enrolling under the K to 12 Program; and one scholarship grant for the Ayta community in a different educational institution.
Garcia said the scholarship grants to be provided by Quiz Bee “would be a huge contribution to SBMA efforts to promote inclusive growth to stakeholders of the Subic Bay Freeport Zone.”
“We have been encouraging business locators in Subic to give their share in uplifting the quality of life of the people in the Freeport area, and your scholarship program will be a generous support to this collective effort,” Garcia said. (30)
Quiz Bee President Gloria P. Tayag discusses the firm’s development program with SBMA Chairman Roberto V. Garcia during the signing of a new lease development contract for the Subic school.