Nonprofits cite economic impact as budgets tighten

Nonprofits cite economic impact as budgets tighten

Printer-friendly version

State Office of Management and Budget Director Pat Pitney laid out Alaska’s $3 billion-plus budget shortfall with Alaska North Slope crude selling for less than $50 per barrel. Pitney was followed by Foraker President and CEO Laurie Wolf, who said nonprofits need to be taken seriously when considering the economic impacts of state budget cuts or revenue enhancements.

"We are a big part of (Alaska’s) economy,” Wolf said. “We are the jobs in rural Alaska.”

...

By comparison, Alaska’s commercial fishing industry supports 78,000 jobs paying out about $1.6 billion in wages, Wolf noted.

“We are driving this conversation both in terms of expenditures but also in terms of employees,” she said.

Direct nonprofit employment accounts for 39,000 positions, about 12 percent of the state’s workforce. Nationwide, nonprofits are about 10 percent of the workforce, the ISER study states.

Source Name: 
Alaska Journal of Commerce
Find Your State Association of Nonprofits

Find Your State Association of Nonprofits

Connect with local resources and expertise

Find

Connect With Us

1. Sign up for updates

Stay up-to-date with the latest nonprofit resources and trends by subscribing to our free e-newsletters.

2. Follow us on social media