WIBO in the NEWS

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WIBO Affiliate Impact

RICHMOND, VA - We are delighted to announce that seven of our 12 graduates are Open for Business - Daniel's Fine Custom Upholstery, David Pastran, Galgui-G Insurance, Djibril Niang, MedPlan, George Frazier, Saving with Solar, Alan Griffin, SHiRL Selah (counseling services), Ty D Tots, Tyra Robinson, and Yes to Success, Dwayne Bennett. Sixteen more businesses are now growing through our current class.

We're providing support in the communities where it's most needed, as the majority of our students come from lower income households. We're proud of our diverse classes, with 97% of our students launching a women- or minority-owned business. Our graduation rate of 75% is on par with the national data; and with 58% of our alumni in business, we're showing a very strong launch rate. (Please see table below.)

According to the Aspen Institute, this type of business equity represents income mobility and asset building in under-resourced communities. These new small businesses represent an income increase of 2.5x to 10x. When an initial loan was awarded 97% remain open through economically difficult times, and 5.6 jobs are created. Furthermore, the Association for Enterprise Opportunity has identified that the average such business owner has 2.5 times more personal assets, and the business contributes an average of $3,678 in annual returns to the tax base.

For more information, to donate, or to volunteer Email Dale Fickett or @DaleFickett


WIBO CEO, Jill Johson, interviews Piper Kerman, author of "Orange is the New Black," about the reentry population and how important it is to educate and create programs to reduce recidivism rates.

Find out how WIBO provides entrepreneurial scholarships to the reentry population in the New York City area by visiting our workshop page - .

To find out more about Piper Kerman and her reentry support, visit .

Listen to President Bill Clinton talk about WIBO and it's mission to drive the American economy through entrepreneurship!

The Workshop is offered every February and September.

LOCATIONS:

HARLEM
DOWNTOWN BROOKLYN
LOWER EAST SIDE
WASHINGTON HEIGHTS
CENTRAL BROOKLYN
FINANCIAL DISTRICT
LONG ISLAND CITY

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