NTX Magazine Volume 5 - Page 46

INDUSTRY SPOTLIGHT Education and Workforce “I’m reliable – I will show up, and you can count on me,” Rainey emphasizes. He is often asked by the program to share his story with prisoners and business leaders alike. PEP is a business success story in itself: a 2015 budget of $2.7 million, funded entirely by donations, has returned more than $9.2 million to the public. The U.S. has the world’s largest prison population, at 1.5 million inmates. The average annual cost to keep an inmate for one year is $21,390, according to a report from the Vera Institute of Justice, while the cost to put the men through PEP is significantly less. But beyond keeping men out of prison and off taxpayers’ roll, the soft benefits of the program also include more than 800 relatives – many of them children – reconnecting Dale Scofield embraces a PEP student. The CEO mentors learn as much from the program as the participants. T he program is a proven success, with the numbers to back it up. The national average three-year recidivism rate for all prisoners is around 50 percent. For graduates of PEP, that rate is cut to 7 percent. Employment is a big part of that success: within 90 days of being released from prison, 100 percent of graduates are employed. Since the beginning of the program, almost 200 businesses have been started by graduates and at least two are already grossing more than $1 million per year. The program is a proven success, with the In his first year of business, Rainey has already numbers to back it up. The national average secured several important contracts and has three-year recidivism rate for all prisoners earned more than $80,000 in sales. He has is around 50 percent. For graduates of PEP, purchased a second vehicle to expand his that rate is cut to 7 percent. Employment is reach and is working hard to ensure he hires a big part of that success: within 90 days of the right employees to help take his business being released from prison, 100 percent of to the next level. Rainey is proud of his repu- graduates are employed. Since the begin- tation of being reliable and on-time. He often ning of the program, almost 200 business- finds himself transporting important business es have been started by graduates and at leaders, jet-setters and A-list Hollywood celeb- least two are already grossing more than rities. Many of his contracts have come from Ken Dunham discusses the business plan of $1 million per year. connections he created through the program. a PEP participant. 44 www.ntc-dfw.org FALL/WINTER 2015