BLOOMINGTON, Ind. (AP) – A new report from Indiana University says the state's nonprofits are expanding into industries traditionally seen as being dominated by for-profit companies.
The IU study says nonprofits in nontraditional industries have experienced “remarkable growth” and that many gained market share.
The report focused on five so-called minor industries: finance, information, company management, scientific and technical services, and utilities. Nonprofit employment grew 29 percent from 1995 to 2011 in those industries, while for-profit employment rose just 2 percent.
Kirsten Gronbjerg, associate dean of faculty at IU's School of Public and Environmental Affairs, says nonprofits in such industries are overlooked and are a small part of the state's economy. But she says they seem “remarkably resilient and competitive.”