|
Article Excerpt
Nonprofit agencies are a larger part of the county's economy than most people realize, according to area nonprofit officials.
In addition to providing needed services, nonprofit agencies pump billions of dollars into the county economy and create close to one in every 10 local jobs, according to a recent study.
"There are those who see the nonprofit sector as a drain on the economy, but it's a vital part of the economy," said Ralph Gregory, president of the United Way of Westchester and Putnam, based in White Plains.
According to a report issued last May by Pace University and The Business Council of Westchester, as of 2000, the last year for which IRS data was available, the county's not-for-profit organizations employed more than 35,000 people, accounting for 8.7 percent of the county's work force, and generated $3.6 billion in economic activity in 2000.
Westchester has more than 1,100 not-for-profits with at least $25,000 in annual gross receipts each, paying $1.5 billion in wages combined.
Many nonprofits also have formed partnerships with area businesses, offering services for employees, Gregory said.
Others contribute in other ways. Connie Elkinson, director of community affairs for the Elmsford-based housIng agency...
|
|
More articles from Westchester County Business Journal
Gifting assets to nonprofits using income trust.(Nonprofits), January 31, 2005
Don't get lost in the crowd.(Nonprofits), January 31, 2005
Medical Center's future is key issue at annual breakfast with county e..., January 31, 2005
Speaker series to feature Alan Hevesi.(Westchester County Association ..., January 31, 2005
Healthcare crisis takes center stage in survey.(Westchester County Ass..., January 31, 2005
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|
