Details:
Summary:
VIDA’s impact on South Texas is both measurable and transformative. A 2023 economic study found that every $1 invested in VIDA generated a $15.69 return to the local economy, driven by $3.3 million in program investment and $25.2 million in graduate wage increases. The overall economic output was $51.9 million, including 651 jobs supported, $13.7 million added to GDP, and $1.3 million in state and local taxes. VIDA graduates, on average, increased hourly wages by $8.80, a 62% rise to $22.96, well above regional averages. Unemployed participants achieved an average starting wage of $25.19 upon graduation.
VIDA's support significantly benefited underserved populations. Low-income students saw a 59% wage increase, while single parents raised their earnings by 41%, exceeding Texas's average for that group. First-generation college students experienced a 58% wage jump, highlighting VIDA's role in breaking cycles of economic disadvantage. Graduates entering allied health increased wages by 75%, and those in specialized trades by 47%. The story of Sergio Rodriguez, who became a diesel service technician with VIDA’s support, illustrates how financial aid, counseling, and tools can empower students to reach meaningful careers and sustainable wages.