New Study Reveals California Goodwill As Major Revenue Generator To State And Local Communities
SACRAMENTO, Calif., March 21, 2013 /PRNewswire/ -- A new Economic and Fiscal Impact Report was released today by Goodwill Industries of California proving Goodwill's worth in pumping millions into the State of California and local economies. As a whole, the combined economic and governmental fiscal impact of Goodwill's contributions exceeded $1.3 billion in 2012.
"This report demonstrates Goodwill's ongoing commitment and impact through ongoing reinvestments in our California communities," said President and Chief Executive Officer John Latchford, Goodwill Industries of the Greater East Bay. "By employing, training and connecting thousands of people to jobs, we help them lead productive lives and boost the economic vitality of our communities."
California Senator Ted Lieu emphasized Goodwill's leadership role in placing needed workers in decent jobs. According to Lieu, chair of the Senate Labor and Industrial Relations Committee, "An important way to reduce unemployment is to provide real training for jobs that are available. My bill, Senate Bill 118, directs the California Workforce Investment Board to create an Industry Sector Initiative that would direct workforce development resources toward in-demand occupations that have an economic impact on the state."
"Goodwill has placed more than 14,000 workers in 2012, or nearly 6 percent of California's 2012 job growth," Lieu said. "We're talking about everything from retail jobs to administrative support to construction and maintenance...as well as nursing and residential care. Goodwill's model of contracting with both business and government to provide a wide range of services is a great example of partnership at its best."
The Council of California Goodwill Industries commissioned the study, http://www.californiagoodwills.org, to document the multiple investments made by Goodwill to fuel economic growth. Findings of the study prove Goodwill's worth in contributing to job growth, productivity and revitalizing the economy:
- The combined economic and governmental fiscal impact of Goodwill's contributions exceeded $1.3 billion in 2012.
- The total economic output of Goodwill's contributions was $1.295 billion.
- The total economic output from Goodwill's operations alone, including gross receipts for goods or services, employment and earnings with benefits, was $854.7 million.
- Goodwill directly employed 13,453 individuals in 2012, which spawned 2,590 additional jobs for a total of 16,043 jobs. This resulted in total wages of $366.5 million.
- Goodwill's construction activities in California made a total economic impact of $38.7 million on the state's economy in 2012.
Starting at the local level, Goodwill establishes lasting partnerships with local businesses to make success happen for many deserving Goodwill trainees. Through investments, job training and placements, recycling, construction, partnering and more, Goodwill constantly works to build healthier communities.
Goodwill Industries operates in multiple regions of California. Goodwill is engaged in statewide and regional collaborative ventures that advance Goodwill's workforce development programs and services and proudly serves individuals with barriers to employment.
SOURCE Goodwills in California