Economic Impact of Genesys Works in Texas

 

The outcomes achieved during the internship year are not the only way to measure Genesys Works’ impact. Using data from a 2016 survey of program alumni and the National Center for Education Statistics, we’ve learned that Genesys Works alumni who have completed college are making an average of $50,000 per year. This exceeds the national average salary for young people of color ages 20 - 24.

Our program is also making a difference in our students’ communities through lower social burdens and faster economic growth. One study, conducted by Dr. Benjamin Yeo at DePaul University in Chicago, demonstrated that each employed graduate of Genesys Works generated, on average, nearly 54% more for the Texas economy than other comparable workers in Texas in the same year.

Another study, conducted by Dr. Clive R. Belfield, Principal Economist at the Center for Cost-Benefit Studies in Education for Columbia University, analyzed the social return on investment of Genesys Works. The study found that for every $1 invested in Genesys Works, there is a $13.46 economic return to society. The primary benefit to students comes from higher rates of college enrollment and completion, as well as increased workplace experience.

 

Pictured: Juan Benitez Ulloa and Richard De La Haya, Lead Designer in Land Permitting at Williams