Ray Marshall Center researchers completed work for the Texas Association of Workforce Boards estimating the returns from workforce services in Texas. Center director Chris King, Ying Tang, Tara Smith and Daniel Schroeder, working with Johns Hopkins University colleague Burt Barnow, estimated return-on-investment (ROI) from the participant, taxpayer and societal perspectives over 5- and 10-year periods based on quasi-experimental earnings impacts. Regardless of perspective or time period, they found that the net returns from workforce investments were both positive and substantial. From society‚Äôs perspective, the annualized ROI is 25 percent over five years and 35 percent over ten years, based on total workforce costs of $6,527 per participant. Workforce investments statewide are associated with net returns to society of $1.52 and $2.58 for every dollar invested over the 5-year and 10-year periods, respectively. In addition to their publishing their results in Returns on Investments in Workforce Services: Texas Statewide Estimates for Participants, Taxpayers and Society , they also developed a Practical Guide to Workforce Services Return-on-Investment (ROI) Estimation for local workforce boards to use.