Economic Impact Study for NeighborWorks® Alliance of Wisconsin
A recently released economic impact study by NeighborWorks® Alliance of Wisconsin found that seven NeighborWorks® organizations provided significant economic impact to the state totaling more than $69 million in 2014, the latest year for which figures were available.
The report was conducted by New England Market Research and provides a breakdown of each organization’s primary services and their economic output from job generation (part-time and full-time, temporary and permanent, salary and fee-based) and the amount of tax revenue (federal, state and local) generated from the individual organization and the seven organizations total.
The major findings of the report include:
- Jobs are created and/or sustained. The boost from homeownership activities spreads throughout several industries. In 2014, there were nearly 500 jobs created and/or sustained for Wisconsin residents.
- Returns in the Wisconsin Economy. The stimulation of homeownership has great impact in investments being made back into the local economy. Facilitated by NeighborWorks® organizations (NWO). State tax revenue from the seven Alliance members is over $3 million dollars.
- Quality of life improves. Although harder to quantify, the job creation, and tax revenue benefits from the stability of homeownership activities and programming has a broad effect in other areas such as community development, public safety and small business support.
This report contains data derived from several sources outside of the NWOs themselves, including US Census Bureau Economic Censuses and Surveys, US Bureau of Labor Statistics Covered Employment and Wages (ES202) Program and others.
For more information and documents:
NeighborWorks® Alliance of Wisconsin Economic Impact Study Overview
NeighborWorks® Alliance of Wisconsin Economic Impact Study Report
NeighborWorks® Alliance of Wisconsin Economic Impact Study Appendix Data