Economic Impact of Non-Profit Organizations
The Foraker Group recently released a report highlighting how non-profit organizations impact Alaska’s economy.
There are more than 5,600 nonprofits in our state that create nearly 58,000 jobs with more than $4 billion in wages and salaries.
Arts, culture and humanities non-profits make up about 10% of the 501(c)(3) organizations.
The report spotlights the Alaska Center for Performing Arts (PAC) and the contributions it brings to Anchorage.
“The PAC hosts approximately 200,000 guests in a typical year. Based on 2019 data gathered by the Center for Economic Development, those guests each spend an average of $31.47 in downtown Anchorage on food, shopping, and incidentals, amounting to $9.2 million in economic activity and 111 jobs created outside the PAC.”
A Capital Civic Center in Juneau can be expected to contribute to the local economy in the same way.