This U.S. Department of Education program "assists high-need local educational agencies (LEAs) in recruiting, training, and supporting principals (including assistant principals) by providing: Financial incentives to aspiring new principals (teachers or individuals from other fields who want to become principals); Stipends to principals who mentor new principals; Professional development programs that focus on instructional leadership and management; and Other incentives that are appropriate and effective in retaining new principals."

Total estimated program funding is $14,800,000, with 14 awards anticipated.

The deadline for notice of intent to apply is June 7, 2013.