A recent study by The Foraker Group in Alaska has documented the impact of the nonprofit sector on the state’s economy — and that impact is significant. The Foraker Group serves as Alaska’s nonprofit association. On Thursday, May 7, at the Seattle Chamber of Commerce’s Alaska Business Forum, Foraker CEO Dennis McMillian will brief business leaders on the sector’s impact and what that means for the Puget Sound economy.
Select statistics from the Foraker report:
- Nonprofits have buying power. They account for $6.5 billion in direct expenditures.
- Alaska nonprofits are looking for suppliers, contractors, architects and craftsmen when they build facilities like hospitals, theaters and office buildings. They work with financial institutions on funding arrangements and collaborate with educational institutions in the Pacific Northwest.
- The sector is a significant employer accounting for 39,000 direct jobs, or 12% of the state’s workforce. When you add indirect and induced jobs, that number goes up to 63,000. By comparison, in Alaska state government accounts for 26,400 jobs, the federal government 14,100 jobs, oil and gas 14,700 jobs, and seafood processing 10,600 direct jobs.
In addition to presenting the findings of Foraker's research, McMillian will talk about how Foraker is using the data to continue its mission of strengthening Alaska nonprofits.
Seattle Chamber Members: $25 pre-paid ($35 as of 5/5)
Non-members: $40 pre-paid ($70 as of 5/5)