Great ideas with measurable impact
Propeller’s impact spans from job creation and economic growth to measurable improvements within our four target sectors.
100+ ventures launched since 2011 through Propeller’s accelerator programs, including a local food hub, a maternal health collective, an education design studio, and a wetland mitigation company.
- 270+ full- and part-time jobs created, contributing to an expanded workforce in New Orleans.
- $62 million in external financing and revenue collectively generated by Propeller Ventures and Alumni.
- $100,000+ in seed funding awarded to ventures through sector-based PitchNOLA competitions
- Collaborated to pass and implement state policy for universal school lunch participation and Benefit Corporation legislation providing an alternate corporate entity for social ventures.
- Food access: 43% of New Orleans public school children receiving healthy school meals in 2014; $9.8 million in annual revenue generated to support healthy school meals for children; construction of a 27,000 sq. ft. market and distribution center for local food in Central City; facilitation of over 120 agricultural redevelopment projects throughout New Orleans.
- Water Management: 10 acres of urban land (valued at $300,000) donated for preservation; rehabilitation of over 1,330 acres of wetlands funded by mitigation credits; a projected 1,500,000 gallons of stormwater runoff kept from the water system annually to prevent urban flooding; over 200 reporters, documentarians, authors, and politicians educated on immediate water issues facing our coast.
- Health: 400+ families receiving doula services, including 200 low-income, receiving services for free; over $1 million in financial support and medical care secured for the New Orleans children with disabilities; $1.2 million in financing raised to build a community cultural and health center in Broadmoor, serving 750+ community members since August 2015; insurance decision-making algorithm developed in partnership with Enroll America to increase national insurance enrollment.
- Educational Equity: 11,500 educators innovating in the classroom, collectively impacting 250,000+ students; 300+ partner school trainees and 41 facilitator trainees to support students and prevent youth violence from interfering with learning; over 6,000 elementary students receiving health screenings (vision, hearing, dental, and immunization).