As we near the end of the year, let’s take a look back at our programs and clients in Fiscal Year 2015 (July 2014-June 2015). Our mission is to serve entrepreneurs with limited resources and unlimited potential. But how does that break down in terms of demographics? What outcomes have we seen this year?
Who are Ventures clients?
- 73% are female
- 56% are people of color
- 28% speak English as a second language
- 26% are immigrants
- 99% are considered “low income” according to local HUD guidelines
How did we reach 803 individuals?
Fiscal Year 2015 was a busy one for us. We launched our new food business program and food truck, in addition to providing our core business training programs. In 2015, we provided:
- 10 Business Development Trainings to 242 clients, with a 93% graduation rate
- 20 advanced training workshops to 205 participants
- 3 Financial Management courses provided to 80 clients
- 22 loans provided, totaling nearly $50,000
- 149 vendors making sales at the Ventures Retail Store, generating over $280,000 in revenue
- And more!
71% of clients were in business by the end of the year, up from 39% when they started participating in Ventures programs. Long-term, we know that clients’ business successes improve their quality of life. On average, 51% of clients increase their income within 18 months of receiving services. 34% of clients who were dependent on public assistance at intake were completely independent 18 months later.
Check out the full 2015 report on our website. You can also see national entrepreneurship information on the MicroTracker website, part of the Aspen Institute. Ventures works in collaboration with the Aspen Institute to survey our clients and get the outcomes you see above.