Alexandria, VA (PRWEB) April 04, 2014
The Alexandria Council of Human Services Organizations (ACHSO) will hold a press conference to release a report on the economic impact of nonprofits on the local economy. The press conference will be held at 11:00 am on April 7, 2014, at the Alexandria Seaport Foundation (2 Duke Street).
As local and state governments in the region are looking for ways to reduce budgets, a group of nonprofits commissioned the report in order to show that tax-payer dollars are leveraged by nonprofits to bring billions of dollars in revenue and thousands of jobs annually to the local community.
In its Return on Investment: Alexandria Nonprofit Impact Report, the Alexandria Council of Human Services Organizations (ACHSO) notes that, in return for the $2 million nonprofits receive in grants from the City government, they attract $3.3 billion in revenue, spend $182 million locally, employ 2,057 individuals and pay them $60 million in salaries and wages, and provide more than 100,000 services to City residents annually.
“As governments look for ways to grow their economies, we want policy-makers to realize that nonprofits can and do generate significant resources,” said John Porter, Co-Convener of the ACHSO and Executive Director of ACT for Alexandria, the City’s community foundation.
“Nonprofits are revenue and job generators,” added J. Glenn Hopkins, President/CEO of Hopkins House, a local nonprofit, who oversaw drafting of the report. “Nonprofits are businesses but with a social mission. They create jobs and help to support the economies in which they operate. As such, they should be viewed as generators in local economies rather than as consumers of scarce resources.”
The Alexandria Council of Human Service Organizations (ACHSO) is a joint initiative between ACT for Alexandria and the City of Alexandria’s Department of Community and Human Services. Created in 2006, ACHSO brings together City and nonprofit organizations and their leaders for the benefit of the larger Alexandria community. ACHSO provides a forum to network, share best practices, build relationships and leverage resources.