patching...
Breaking: Downed Tree Knocks Out Power to 100+ Customers in Ross and McCandless »
Welcome back, Patch Blogger!

North Hills School Board Approves New Revenue Sources

The board is hoping a licensing agreement and possible commercial partnerships will boost the district's bottom line.

 

In unanimous votes Monday night, the North Hills school board approved two new revenue-enhancing proposals

The board entered into a one year licensing agreement with LRG Prep, LLC of Michigan to distribute and sell North Hills School District-branded merchandise in return for a 50 percent minimum royalty fee paid to the district.

The LRG Prep agreement will grant LRG the non-exclusive right to use the district's name, nickname, mascot, logo, designs and graphics on a variety of merchandise such as apparel, accessories, gifts, home and office items, paper, sporting goods and other gifts and novelties.  

The district can earn an additional 15 percent in royalties if buyers purchase North Hills merchandise from LRG Prep's Rokkitwear online store.  A link to Rokkitwear will be established on the school district website.

Currently, North Hills-branded merchandise can be purchased at local stores such as Dunham's, but the school district does not receive any money from those sales. With the new agreement, LRG Prep will manufacture and distribute the licensed product to large retailers, sporting goods stores and online retailers through its manufacturers and vendors and the school district will profit from those sales. 

The school board also approved a new commercial activities policy which permits the district  that would allow them to enter into partnerships with commercial businesses - advertisements, sponsorships, exclusive right contracts, and purchases of goods and services - that would result in payments or benefits to the district.

Keeping up with news in the North Hills is easy—simply sign up for our daily email newsletter, like us on Facebook and follow us on Twitter.

Related Topics: North Hills school district commercial activities policy and North Hills school district merchandising agreement

Leave a comment