NeighborWorks Collaborative of Ohio not only launched housing initiatives across Ohio, it reportedly ended up contributing $1.4 billion to the local Ohio economy.
The foundation released a press release after a recent independent study from the New England Market Research firm studied the economic impact of NeighborWorks efforts in Ohio from 2008 through 2012. Their findings: NCO generated $516 million in income, $176 million in tax revenue and sustained over 2,000 jobs annually in the state of Ohio. The nonprofit elaborated on the study in a press release:
“This study shows us the economic good that comes from ensuring Ohioans have stable, affordable housing opportunities and have the tools they need to be successful in their housing”, said Rick Williams, Chair of the Collaborative. “The dollars invested in NCO and its members create a significant return that is in the best interest of individuals, neighborhoods and businesses throughout Ohio.”