Which businesses are growing the fastest in the US?

What do you imagine when you hear growth?

Do you think about height? Age? Or something as simple as a house plant. Try focusing on economic growth? How about economic growth?

Yes, you've heard our economy is slowly getting better. But..did you know one kind of business is growing faster than others?

Actually, its growth has been higher for over a decade! So do you think you know what kind of business we're talking about? Take a quick guess before you keep reading!

A Surprising Statistic

A few weeks a go, a surprising statistic came out of the  Urban Institute. 

The  2001-2011, nonprofits businesses had a 25% growth. This was actually higher than that of for profit businesses. How much higher? Well, for profit businesses only had growth of .5%.

Let's be fair, only about 10% of the workforce was employed by nonprofits in the year 2010. BUT..a majority of those people were tax exempt charities that have a variety of missions. They are serving the needs of many people in the US.

So what's all this growth mean then?

The Real Impact

The New York Times commented on the report, believing this growth has to do with:

• People are in need of healthcare assistance
• Greater Demand for Relief
• Growth of Family Foundations

Simply put, people are in need of assistance whether economic or otherwise. At the same time private foundations have been investing a lot of money to help organizations serve their communities.

All of these things points to what Khadarlis has always tried to do: Serve all the local communities of Rhode Island. We've donated thousands of dollars worth of services to people who need it the most: fire victims and the impoverished.

A lot of Work Ahead

With foundations donating to organizations, and with organizations doing good work, shouldn't a lot of good be happening?

Yes!

A lot of great organizations are doing their part to help people get through difficult times. At the same time, we can't forget that that Rhode Island still has the highest unemployment rate.

We at Khadarlis pledge to give more and grow faster to meet the challenge of helping local families. We'll have a lot of new things happening for the rest of 2014.

It's going to be great!

If you want to find more about Khadarlis visit our website at www.Khadarlis.org right now!