Non-profit organizations are often not thought of as contributing to economic growth by many in the economic development scene, yet I disagree. While most non-profits are spared from federal taxation, nearly all contribute to taxes in a number of forms. Most importantly, non-profits are generally good stewards of job creation.
Today, most economic developers measure success of entrepreneurial ventures by such job creation. Additionally, non-profits spend a generous amount of funds in rent, supplies, and other consumables in their communities creating a multiplier effect for tax creation. Of course, let’s not forget the most important reason for non-profits in that they are grass-roots servants and stewards for good in our communities…the true purpose non-profits were set up.