Nonprofits are Key to Maryland's Economic Engine
Monday, March 4, 2013
Posted by: Buffy Beaudoin-Schwartz
March 4, 2013
"Nonprofits are essential to our communities and to the economic vitality of Maryland," said Governor Martin O'Malley.
Nonprofits by the Numbers 2013 includes new data on nonprofit growth and employment. With 263,000 employees, nonprofit organizations paid $13.5 billion in wages in 2011, and added 23,000 jobs to Maryland's economy since 2006.
"Maryland profits from nonprofits," said Greg Cantori, President and CEO of Maryland Nonprofits. "Nonprofits are a critical asset to Maryland's economy."
In addition to growing employment, nonprofits also engage more than 1.3 million volunteers, and Maryland ranks fourth in the nation in average number of volunteer hours per resident. Nonprofits make a difference in communities through their programs, and their contributions lift all boats.
"Nonprofits play an important role in creating a good climate for business," said Gino Gemignani, Senior Vice President of Whiting Turner. "Workforce training, community development, the arts - all these are important to attracting great employees and encouraging business investment."
"Nonprofits are a major economic force," write authors Lester Salamon and Stephanie Geller of Johns Hopkins University. "Maryland nonprofits represent nearly 11 percent of the state's total workforce and 13.5 percent of the state's private workforce (one out of every 7 private workers)."
The nonprofit sector is growing, despite increased competition from for-profits. Maryland's nonprofit sector grew by 3.7 percent from 2010 to 2012, yet nonprofits lost market share to for-profits in key fields including education, performing arts, social assistance, and nursing home care.