Merging finance and social impact to make a better world
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The Minnesota Catholic Conference’s report, “Fruits of the Vine: The Economic Impact of the Catholic Church in Minnesota,” reveals the Church’s substantial contributions to the state’s economy and social fabric, with an annual economic impact exceeding $5 billion.
A groundbreaking study conducted by the Human Services Chamber of Hamilton County in collaboration with the Alpaugh Family Economics Center at the University of Cincinnati has quantified the economic and social impact of nonprofits in Greater Cincinnati. The findings highlight the critical role nonprofits play in job creation, economic growth, and social services while generating substantial tax revenue for local and state governments.
A comprehensive 14-year study has highlighted the significant economic benefits of Project QUEST, a San Antonio-based workforce development program established in 1992. The research indicates that participants experienced an average income increase of $54,000 over the study period, with those aged between 35 and 64 seeing gains of nearly $139,000 compared to a control group. This translates to a 234% return on investment, considering the average program cost of $16,244 per participant.