2012 Client Outcomes
Every year, WEV conducts follow up interview with our clients to determine program impact and client outcomes, In 2102, WEV surveyed 126 of our clients served in 2010 about their experiences in 2011, 12-18 months after receiving services. The data below presents some of the findings from these surveys.
Social Return on Investment
Every dollar invested in WEV’s programs generates a return of $12 to the local economy (increased income for business owners and employees, increased tax revenue, and increased income and spending by local businesses).
Business Performance within 12-18 Months of Service
- The percentage of clients operating a business increased from 43% at intake to 68% at time of the survey.
- 48% of pre-business clients had started a business, with average sales of $33,266 and owner’s draw of $8,556.
- 93% of clients who were in business at intake were still in business with sales increasing an average of 92%, from $51,932 to $99,480, and owner’s draw increasing 21%, from $17,550 to $21,330.
Client Financial Impact
- Half of WEV clients experienced an average increase of 29% in annual household income, from $48,715 to $62,621.
- 25% of WEV clients an average of $11,391 saved annually
- On average, 70% of WEV clients who are in poverty at intake move out of poverty within 12-18 months of service, based upon five years of survey data.
*Source: Federal Reserve, US Census Bureau and Internal Revenue Service
Community Economic Impact
In 2011, WEV client businesses:
- Created and retained an estimated 396 jobs
- Created a total of 142 new jobs in the community
- Generated an estimated $1 million in tax revenues for the state and local economy