2008 Leadership Academy Fellows Economic Impact Study Results
The Leadership Academy Fellows program has a quantifiable monetary impact of $6.4 million annually on the Memphis economy. This impact is generated through Academy operations to recruit, cultivate, and engage diverse talent that moves the city forward. The numbers below are based on 2008 Academy operations, during which there was a Fellows budget of $469,975.
$2,592,622 Academy Operations
$1,186,158 Fellows Skill-Based Volunteer Time Investment
$ 196,066 Initiating Community Action Projects
$ 615,228 Increased Workforce Value
$ 180,085 Board Member Placement
$1,640,500 Retention of 10 "Highly Sought" Workers
$6,410,659 Total Return on Fellows Investment
Click here to see the full economic impact summary report.