New research reveals the staggering economic impact of associations in every state
In a landmark study, the American Society of Association Executives (ASAE) has unveiled the most comprehensive data to date on the economic contributions of associations across the United States. The findings paint a compelling picture of these organizations as unsung heroes, quietly driving economic growth, fostering innovation, and strengthening communities in every corner of the country.
Job Creation and Wage Growth
Associations are a vital force in the American job market, directly supporting a staggering 1 million jobs and providing $71.4 billion in wages across all 50 states. From administrative staff to specialized professionals, associations create a wide range of employment opportunities, contributing to the financial stability and well-being of countless individuals and families.
Events: Fueling Local Economies
Association events, from conferences and trade shows to workshops and seminars, act as powerful economic engines, injecting billions of dollars into state and local economies each year. The study reveals that more than 272,000 association events attract nearly 52 million participants annually, directly supporting 342,000 jobs and generating $42 billion in spending. These events create a ripple effect, benefiting hotels, restaurants, transportation providers, and other local businesses, creating a vibrant and dynamic economic ecosystem.
Tax Revenue: Supporting Public Services
Associations and their events also play a critical role in generating tax revenue for federal, state, and local governments. The study estimates that associations pay nearly $28 billion in taxes each year, while their events generate an additional $7.5 billion in taxes for state and local governments. This revenue stream helps fund essential public services such as infrastructure, education, and public safety, making associations invaluable partners in building strong and thriving communities.
The Power of Associations: Beyond the Numbers
Beyond their impressive economic impact, associations also play a crucial role in advancing job skills, advocating for businesses and professions, and fostering innovation across industries. They provide a platform for knowledge sharing, professional development, and collaboration, empowering individuals and organizations to reach their full potential.
The Bottom Line
Associations are far more than just membership organizations; they are powerful economic drivers, job creators, and community champions. The ASAE study serves as a powerful reminder of their vital role in shaping a prosperous and vibrant America.
To explore the full economic impact of associations in your state and delve deeper into the study’s findings, visit the interactive map and resources on the ASAE website.
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Photo by Unsplash+ In collaboration with Joshua Hoehne
