March 18, 2015
In the classic novel Les Misérables by Victor Hugo, ex-convict Jean Valjean underwent a complete transformation after receiving unmerited forgiveness from the bishop he was trying to rob. Valjean later became a dignified businessman and pillar of the community, advocating for the poor and powerless. This picture of redemption is what thousands of inmates long to experience as they apply for admission to the Prison Entrepreneurship Program (PEP).
As a nonprofit, PEP seeks to “unlock human potential through entrepreneurial passion, education, and mentoring.” Founded by business leaders who recognized the entrepreneurial spirit of Texas inmates, the organization has successfully produced over a thousand graduates since the program began in 2004. PEP offers a rigorous curriculum with MBA-level coursework that challenges inmates and enables them to productively return to society after prison.
The PEP leadership conceived of the idea for the entrepreneurship program upon studying the profiles of criminals in the Texas prison system. Prior to their arrest and conviction, many of the inmates were competently running their own burgeoning enterprises. And although the businesses they owned may have been illegal, their ability to start and grow their companies demonstrated the presence of unrealized business acumen in the prison system. PEP hopes the entrepreneurship program will repurpose the inmates' entrepreneurial talents and channel them into legitimate business ventures.
Lending credibility to the program is Baylor University, which has been awarding PEP graduates with a Certificate of Entrepreneurship since 2013. The certificate provides an incentive for inmates to excel and also helps to overcome the stigma of incarceration. According to PEP, less than one percent of those enrolled in the program are white-collar criminals. Most have drug-related offenses, with 50 percent doing time for violent crimes.
Just how effective is the Prison Entrepreneurship Program? Baylor University announced that the employment rate of PEP graduates is over 93% and the recidivism rate is under 5%. PEP estimates the program has saved the state of Texas $6 million in reduced recidivism. Graduates have launched over 165 businesses, with at least two exceeding $1 million in gross revenues.
To learn more about the Prison Entrepreneurship Program, visit PEP's website at pep.org.
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