Benefit-Cost Analysis of WIA Programs and Regional Economic Impact of WIB Operations

“As a Workforce Investment Board (WIB), one of the primary roles of Worksystems is to implement the Workforce Investment Act (WIA) of 1998…. The first purpose of this study was to provide an objective, third-party analysis of Worksystems’ WIA programs, assessing whether or not the benefits that accrue to the public as a whole outweigh the taxpayer costs of supporting the programs. Results were presented from a distinctly national perspective, tracking both public benefits and taxpayer costs on a national accounting basis. The second main purpose of this report shifted from a national to a regional focus, measuring the economic impacts generated by Worksystems’ day-to-day activities in the local region….[The] goal, therefore, was to provide readers with more insight on the positive contribution of Worksystems operations to the local economy” (p. 3-4). (Abstractor: Author)

"Benefit-cost analysis of WIA programs: • Adult program participants who exited in PY 2009 and who retained employment are projected to generate a present value of $13.6 million in additional taxable income over the next ten-year period. The corresponding income effect of the dislocated worker program is $122.1 million, and the income effect of the youth program is $492,800. • By the end of the ten-year time horizon, the adult program at Worksystems is projected to yield a cumulative added value of $2.48 in added taxable income per dollar spent to fund the program. Similarly, the dislocated worker program will yield $10.69 for every dollar spent, and the youth program will generate $0.05. • Overall, the combined adult, dislocated worker, and youth programs at Worksystems will generate a cumulative added value of $5.17 in added taxable income for every dollar spent. These benefits accrue to all members of society—higher earnings for participants, increased output for businesses, added tax receipts for government, and a reduced burden on taxpayers. Regional economic impact analysis of WIB operations and community investments: • Worksystems’ operating expenditures directly and indirectly generated $5.4 million in regional income and supported 67 jobs in the regional economy. • Worksystems’ investments in community service providers and local businesses generated an additional $19.5 million in regional income and supported 447 jobs” (p. 1-2). (Abstractor: Author)

• Last Updated:
• Created:
• Resource Publication Date: 2012
• Author(s): No individual author identified.
• Organizational Author(s): Economic Modeling Specialists Intl. (EMSI)
• Funding Source: Worksystems, Inc.
• Resource Availability: Publicly available
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• Posted in: Workforce System Strategies