Economic and Tax Revenue Impact of Microenterprise Programs
Various clients such as ACCION Texas, ACCION New Mexico and Opportunity Fund (California)
Microenterprise programs such as ACCION and Opportunity Fund are dedicated to providing long-term income and employment opportunities by providing credit and other support services to low- and moderate-income small business entrepreneurs who are unable to obtain credit through traditional channels. TXP has assisted a number of these programs to estimate the economic and tax revenue impact of their lending programs on the economies of their regions and individual communities. Beyond the quantifiable economic impacts, these programs help individuals escape poverty, avoid other social problems, build self-esteem, and secure the economic future for their families. TXP showed that overall, the opportunities offered by these organizations represents a huge dividend to the individuals and communities who participate.