fbpx

RMMFI’s Social Impact: For Every $1 Invested, $3.98 in Impact is Created

A group of people standing closely together and smiling in a well-lit room with a few visible screens behind them displaying the text "Welcome to the RMMFI." The individuals are casually dressed, and the atmosphere appears to be cheerful and celebratory, highlighting their shared commitment to social impact.

Table of Contents

Join Our Newsletter
Sign up to receive news, updates, and stories about the impact of inclusive entrepreneurship.

The impact of inclusive entrepreneurship cannot be measured solely by the number of businesses launched. When we create equitable access to the economy, we generate individual and household prosperity as well as broad community and economic benefits that can be felt many years into the future.

RMMFI uses a Social Return on Investment (SROI) framework to measure and communicate the broad, long-term impact of our work. By combining our program outcomes with external research and financial metrics, projecting results over five years, and factoring in risk and unknowns, we can calculate — and prove — our social and economic impact.

Our latest SROI analysis shows that for every $1 invested in RMMFI, we created $3.98 in measurable social and economic impact. In the long term, the ripple effects of our work last year will generate $9,622,691 in entrepreneur and community benefits. $5,948,794 of that represents direct impact to entrepreneurs through benefits like increased financial stability, better life outcomes, and increased capital and investments. $3,673,896 represents impact for our community in the form of decreased emergency assistance needs, increased public safety, and increased local tax revenue.

Compared to the previous year, our total social and economic impact last year grew by more than $4.6 million. We had significant growth in the number of businesses with positive outcomes due to serving more entrepreneurs at more sites and strengthening the journey through our programs. The entrepreneurs we support saw greater household income gains than in previous years, which is especially promising coming out of a pandemic economy. We also served more high-barrier entrepreneurs than ever, including those that have been formerly incarcerated, which research has shown can create vast individual and community benefits.

We invite you to read more about our SROI analysis and celebrate the incredible impact Colorado entrepreneurs create for their families, their businesses, and our shared community.

Written by
Recent Posts
A building with a "Hooper Junction Ruby Rose" sign featuring a red rose logo welcomes visitors in both English and Spanish. Below, a sign reads "Cafe & Micro-Bakery." The structure is white with blue, red, and black lettering, reminiscent of designs seen statewide.
RMMFI is now proudly serving entrepreneurs statewide in both English and Spanish! While our initial expansion into rural Colorado focused on Trinidad, Sterling, and the San Luis Valley, our English and Spanish programs are now open to individuals from anywhere in the state.
A group of approximately twenty people stand together in a room, posing for a photo. They're diverse in age and appearance, embodying the need for inclusive entrepreneurial support as they smile warmly at the camera. The room is decorated with a tinsel garland and a wall mural of a blue ski mask.
As part of DOLA’s Community Crime Prevention Initiative (CCPI), RMMFI provided educational programming and business grants to formerly incarcerated entrepreneurs in Northeast and Southeast Colorado.
A two-story red brick building with arched windows on the upper floor. The ground level features large windows and doors, one with a sign reading "Emily's Barbershop, Now Open." A large potted plant and sandwich board sign are placed on the sidewalk in front. Nearby, RMMFI is preparing for an office move downtown.
After 7 years, RMMFI is moving to a new office space in downtown Denver! Our team has expanded significantly over the past several years, and we’re excited to be moving into a new home – appropriately named Space to Grow – that will better serve the needs of our staff and our full community.
Skip to content