BOSTON--(BUSINESS WIRE)--Interise, the go-to partner with a proven model for accelerating small business growth, today unveiled its 2015 Impact Report, which details the growth of small businesses across the country. The annual report, which surveyed 616 small business owners who are graduates of StreetWise ‘MBA’™ programs, highlights how small businesses continue to strengthen their local economy, grow jobs and transform communities.
According to the report, small business owners who completed a StreetWise ‘MBA’™ program created jobs at 8x the rate of the private sector as a whole and had an average annual increase in revenue of $481,000. To evaluate entrepreneurs across the country for its annual Impact Report, Interise uses a set of social and economic indicators to assess program effectiveness in promoting small businesses and energizing job creation in low- to moderate-income communities. The 2015 Impact Report follows the growth of businesses that completed the StreetWise 'MBA'™ in 2012-2014.
Additional key findings from the 2015 Impact Report include:
- 68 percent of small businesses increased revenues
- 57 percent created new jobs
- 71 percent of employees hired locally
- $62,000 was the average salary of new employees
- 78 percent of business owners are minority, women, or operate their business in a low-to-moderate-income community
- 54 percent are doing business with each other
“Since 2004, we have gathered data to evaluate the social and economic impact of our work,” said Interise’s CEO Jean Horstman. “Once again, our research shows that the key to creating new jobs and increasing revenues is change in CEO behavior – and that is exactly what our StreetWise ‘MBA’™ is designed to do. Respondents reported a sharp rise in how much they use growth plans, financial metrics, and contracting know-how between the start of their Interise program and subsequent years. Over this same period, respondents also reported an average increase in company revenue of 13 percent. We are pleased to see our annual Impact Report demonstrate the resilience and success of the thriving small businesses that have completed StreetWise ‘MBA’™ programs.”
Interise has partnered with 15 government and private organizations to serve 3,350 small businesses in 65 communities across the United States since 2004. Designed to help grow small businesses, create jobs and revitalize local economies in lower income communities, Interise alumni have secured almost $3 billion dollars in government and institutional contracts since 2008. The StreetWise ‘MBA’™ curriculum is incorporated into programs in four regions of Massachusetts and through partnerships with universities, hospitals, municipalities and economic development organizations in communities across the country and internationally.
The full 2015 Impact Report can be viewed at www.interise.org/2015-impact-report.
ABOUT INTERISE
Interise is the go-to partner with a
proven model for accelerating economic and small business growth in
lower income communities. Its StreetWise ‘MBA’TM provides
small business owners with the business knowledge, management know-how
and relationships they need to scale using a peer-based learning method.
Alumni have secured almost $3 billion dollars in government and
institutional contracts since 2008. In 2014, they created jobs at 8x the
rate of the private sector as a whole. As alumni grow, they contribute
to economic development, job creation and social resilience within their
local community. Headquartered in Boston, Interise currently offers its
program in 65 communities directly and through 15 partners, including
NYU Stern School of Business, The Cities of Houston, TX and Portland,
OR, and the National Urban League. This unique licensing model allows
partners to deliver the StreetWise ‘MBA’ TM curriculum
through their own locally branded programs, providing them with
training, quality assurance and evaluation. To learn more visit www.interise.org
or follow @StreetWise_MBA.
