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"BALTIMORE, Md., Nov. 19 (AScribe Newswire) -- Nonprofit employment in Maryland grew more than twice as fast as jobs in the state's for-profit sector between 1995 and 2005, according to a new Johns Hopkins University study.
During those 10 years, Maryland's nonprofit sector proved to be a consistently strong economic force with a 36 percent employment increase compared with just a 15.3 percent increase by the for-profit sector, said Lester Salamon, director of the Center for Civil Society Studies within the university's Institute for Policy Studies and a leading expert on nonprofits.
"In the most recent year covered by our report, the growth rate of nonprofit employment was actually three times the growth rate of the for-profit workforce," Salamon said. "This demonstrates the crucial role that nonprofits now play in the state's economy."
This increase brought the state's nonprofit workforce to 237,246 jobs at the end of 2005. By that time, Maryland's nonprofit organizations employed close to five times as many workers as the state's information industry (including telecommunications and information services), more than twice as many workers as the state's entire finance and insurance industry, and almost a third more workers than the state's construction industry.
Maryland's nonprofit organizations generated $9.9 billion in wages in 2005, or more than 8 percent of the state's total payroll. These wages translated into an estimated $450 million of personal income tax revenue for Maryland's state and local governments and approximately $1.9 billion in federal tax revenues."
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During those 10 years, Maryland's nonprofit sector proved to be a consistently strong economic force with a 36 percent employment increase compared with just a 15.3 percent increase by the for-profit sector, said Lester Salamon, director of the Center for Civil Society Studies within the university's Institute for Policy Studies and a leading expert on nonprofits.
"In the most recent year covered by our report, the growth rate of nonprofit employment was actually three times the growth rate of the for-profit workforce," Salamon said. "This demonstrates the crucial role that nonprofits now play in the state's economy."
This increase brought the state's nonprofit workforce to 237,246 jobs at the end of 2005. By that time, Maryland's nonprofit organizations employed close to five times as many workers as the state's information industry (including telecommunications and information services), more than twice as many workers as the state's entire finance and insurance industry, and almost a third more workers than the state's construction industry.
Maryland's nonprofit organizations generated $9.9 billion in wages in 2005, or more than 8 percent of the state's total payroll. These wages translated into an estimated $450 million of personal income tax revenue for Maryland's state and local governments and approximately $1.9 billion in federal tax revenues."
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