Project QUEST, Inc.

Project QUEST, Inc.

Industry: Education

Founded: 1992

Headquarter: United States

Last Investment: $1.00MGrant investment at 04 December 2018

Investors: Chan Zuckerberg Initiative, The Rockefeller Foundation

Project QUEST, Inc. is a significant player in the education sector with a mission to provide quality employment through skills training. The company has a remarkable track record of preparing 5,600 adults for the local workforce since 1992. Project QUEST offers customized services including skills assessment, career mapping, personal counseling, academic remediation, financial assistance for college education, workplace training, and job placement, driving an impressive 86% job placement rate for its completers. It is noteworthy that participants enter the program making an average of $10,000 a year and graduate making an average of $40,000 a year, showcasing the tangible impact of the program on individuals' lives. The company’s model not only benefits the individuals but also contributes significantly to the economic growth of the community. Within the first five years, every $1 invested in Project QUEST has a remarkable return on investment of $15 for the community, as indicated by a number of external studies and evaluations by organizations such as The Aspen Institute and the Ray Marshall Center at the University of Texas. The Generational Impact Study further emphasizes the long-term effects of the program by showing that 90% of participants' children age 18 and over graduated from high school, and 75% have gone on to college. This data underlines the far-reaching impact of Project QUEST beyond immediate employment outcomes, making it an enticing option for potential investors seeking both social and financial returns.