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Capsim Baldwin Group Kelsey Harrington Social Initiative

In 2025, Baldwin Group will launch the Baldwin Academy, a STEM education program for first generation college students located at one of their public safety sensor companies. The Academy will provide an immersive hands-on learning experience and cost $1.3 million to establish, with ongoing annual costs of $156,000. It aims to provide both commercial benefits like a more talented hiring pool and lower turnover for Baldwin Group, as well as social benefits like greater STEM workforce development and access to career opportunities for students. The efficacy of the Academy will be measured by metrics like decreases in employee turnover and recruitment costs at Baldwin Group, increases in STEM majors and hires of graduates, and student innovations contributions to the company.

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75 views4 pages

Capsim Baldwin Group Kelsey Harrington Social Initiative

In 2025, Baldwin Group will launch the Baldwin Academy, a STEM education program for first generation college students located at one of their public safety sensor companies. The Academy will provide an immersive hands-on learning experience and cost $1.3 million to establish, with ongoing annual costs of $156,000. It aims to provide both commercial benefits like a more talented hiring pool and lower turnover for Baldwin Group, as well as social benefits like greater STEM workforce development and access to career opportunities for students. The efficacy of the Academy will be measured by metrics like decreases in employee turnover and recruitment costs at Baldwin Group, increases in STEM majors and hires of graduates, and student innovations contributions to the company.

Uploaded by

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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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In 2025, Baldwin Group Launches...

Where Indy’s first generation


college students access a premiere,
immersive, hands-on STEM
education experience in one of the
nation’s leading public safety sensor
companies.

Students help us sense a safer future.


COST AND SOURCE OF FUNDS

Cost of Baldwin Academy


Sources of funds:
Building $1,000,000
● $250,000 in State Grants
● $2,750,000 through issuing Equipment & Supplies $85,065
corporate bonds (funds 7+ years of
operations with funds left for Professional Development $26,400.00
additional expansion)
Participation Fee $5,000.00

Custom curriculum developed by Computers and Desks $65,500.00

Salaries & Admin Costs $125,035.00

Total Initial Investment $1,307,000.00

Total Recurring Cost $156,435.00


BUILDING COMMERCIAL AND SOCIAL VALUE

COMMERCIAL SOCIAL
● More talented hiring pool ● Better educated youth
● Better awareness of ● World-class STEM
STEM Industries (Baldwin workforce development
Group)
ADDED
● Access to STEM Career
● Lower employee VALUE
opportunities worldwide
turnover ● Lower generational
● Reduced recruitment poverty that has resulted
costs from low education
● Increased innovation attainment
MEASURING EFFICACY OF BALDWIN ACADEMY

A year-to-year snapshot of...

% decrease in employee turnover at Baldwin Group

% decrease in recruitment costs at Baldwin Group

% increase in STEM related majors for postsecondary enrollment by academy students

% of academy students who are hired at Baldwin Group after postsecondary completion

# of innovative contributions made to the company by academy students

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