Thursday, December 1, 2011

2011 PASS Update: $180,516,000 (About $181 Million!) Still Available Yearly for WV Economic Development

In December 2010, there were 25,788 individuals in West Virginia receiving both SSI and SSDI benefits. Click here for the very similar 2010 version of this post and here for the 2009 version of this post, which briefly describes the "perfect Plan to Achieve Self-Support (PASS) potential" of SSI/SSDI beneficiaries. The average PASS totals about $7,000/year, which means that there is potentially $180,516,000 available for these beneficiaries to use towards a work goal.

Some West Virginia PASSes:

Resource Ownership
College
Training
Self-Employment (still in negotiations with PASS Cadre)
Determining a Vocational Goal

Over the life of these PASSes (assuming the self-employment PASS will be approved), over $90,000 of additional resources will be set aside by these individuals for use towards a work goal.

In the Iowa New Entrepreneurs video, below, Nic and Lori both used PASS to help fund their business start-ups.


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