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  2. BOSTON GLOBE: THE DOUBLE PAYOFF OF A STIMULUS PLAN FOR NONPROFITS

BOSTON GLOBE: THE DOUBLE PAYOFF OF A STIMULUS PLAN FOR NONPROFITS

Submitted by giarts-ts-admin on January 20, 2009

“Amidst the escalating demand for a federal stimulus package to rescue what seems like a new industry every day (first the financial sector, then autos, then steel), little attention has been paid to stimulating the nonprofit sector.

Yet the nonprofit sector is larger than the auto and steel industries combined, representing 10 percent of all US jobs, and 13 percent of jobs in Massachusetts. If the government fails to pay attention to this critical sector, there could be a loss of 1 million nonprofit jobs, leaving 1 million families without a paycheck, 1 million families buying fewer goods and services, and 1 million families who are closer to foreclosures and debt default.

The nation loses twice when there is a job lost in the nonprofit sector. Not only does a family lose an essential paycheck, but the community also loses a home healthcare worker, a preschool teacher, or an after-school tutor—people who often serve those most in need.” Read More.