The Berkshire Eagle reports today that “Berkshire County’s nonprofit sector generates $1.9 billion in local economic activity and accounts for 25,000 full- or part-time jobs, according to a study that was commissioned by the Berkshire Chamber of Commerce.”
The study, which was conducted by Williams College Economics Professor Stephen Sheppard, reveals the broad impact nonprofits have in terms of money and jobs in the Berkshire County economy. It is the first time that the economic scale of local nonprofits has been quantified.
The $1.9 billion represents a sizable chunk of the $5.2 billion in goods and services produced in the Berkshires in 2006, according to the federal Bureau of Economic Analysis.
“It’s fair to say that this sector is comfortably responsible for more than 35 to 40 percent of the entire economy of Berkshire County,” Sheppard said.
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