Determining how organizations contribute to the local economy

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The team at FuseSocial is currently working on a research project to help determine the complete spectrum of the social profits sector’s impact on the economy in the Regional Municipality of Wood Buffalo.

The project titled – the Social Profit Economic Impact Project – has been in the works for the past couple of months and we have been reaching out to as many local agencies as possible to have them take part in an online survey. The survey asks agencies questions about employee numbers, board of directors, volunteers, and some financial information within their organization, all confidential, of course.

If you are a part of a local social profit, and this is your first time hearing of our project, please take part in the survey found at https://interceptum.com/s/en/fusesocial-rmwb?s=4.

According to Imagine Canada, there are over 9,000 registered charities in Alberta employing over 400,000 full and part-time staff. In Canada, the charitable and social profit sector contributes an average of 8.1 per cent of the GDP, which is larger than the oil and gas or finance industries.

The data collected will gives us a better understanding of the social profit sector’s economic contribution to the economy of the Regional Municipality of Wood Buffalo. Because our role is to support and strengthen the local social profit sector, we know how crucial its presence is within the Wood Buffalo region. Imagine the influence our sector can have with government, funders, and other stakeholders, on policy and other community discussions, if we can demonstrate our true economic impact?

“How can we make our collective voice stronger? How can we make it easier for our organizations to get funding? By demonstrating our collective economic value to our regional economy – that’s how,” stated Paula Galenzoski, Director of Social Possibilities at FuseSocial.

“Social profits don’t get a mention in any economic or demographic profile, so how can we show our funders and stakeholders we are important to our regional economy if we don’t know?”

The ultimate goal of the project is to raise the visibility of the social profit sector and increase their influence in collaborating on an equal footing as business, industry, and government on policy, community initiatives, and funding.

The Social Profit Economic Impact Project’s profile has been built in partnership with the Killick Leadership Group Ltd., a Canadian economic developer company, and has over 30 years of experience in supporting communities throughout the nation.

 

If you would like to learn more information about the Social Profit Economic Impact Project, we welcome you to connect with our Data Ideas Architect Pamela Thomas at pamela.thomas@fusesocial.ca.

 

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