BILLIONS IN NONPROFIT PROJECTS HALTED BY CREDIT CRISIS

Johns Hopkins researchers estimate $166 billion in infrastructure projects delayed nationwide.

Like state and local governments and private businesses, America’s 1.4 million nonprofit organizations have many major “shovel-ready” infrastructure projects on hold because of the credit crisis, according to a new survey by the Johns Hopkins University Nonprofit Listening Post Project. For a country eager to promote employment, these projects offer an inviting target.

Nonprofits always struggle to generate investment capital due to their nonprofit status and their inability to access the equity markets, but the survey results show that the recession has compounded their woes: The 1,837 organizations surveyed identified 1,065 shovel-ready projects stalled by the inability to secure financing. A state-by-state listing of these projects is at http://www.jhu.edu/listeningpost/news.


Source: John Hopkins University