Every two years, the Virginia Goodwill Network does a study on the economic and fiscal impact of Goodwill. The study is done by the Elliot D. Pollack & Company and results are shared with the public through our economic impact statements.The 2015 results are in and Goodwill Industries of the Valleys had a $476.5 million economic and fiscal impact on its 31 county, 13 city service area in Virginia. The study looks at the 4,261 individuals that Goodwill placed into jobs last year and the impact that those jobs have on the economy. These numbers are in comparison to a $236.9 million economic and fiscal impact in 2013. The substantial economic impact growth is a result of Goodwill helping more people find job in growth industries throughout the area.
“The impact that Goodwill has on our communities has continued to grow significantly over the last five years,” states Bruce Phipps, President and CEO of Goodwill. “The report showcases the enormous financial impact that Goodwill is having on our region through the training and employment programs and the ability we have to help people find work. We will continue to seek to better leverage our economic development efforts to move that to an even greater social impact. We strive to see individuals improve their lives and their ability to build long term careers.”
This impact is being recognized nationally as the Goodwill brand was ranked #1 in a 2016 Brand World Value Index Survey, commissioned by Enso, a mission-driven marketing agency based out of California. The news debuted this week in a Fast Company Magazine article and contains visuals of the top rankings of all of the brands.
To learn more about the lives that Goodwill Industries of the Valleys has impacted go to http://www.goodwillvalleys.com/about/annual-report.
