Other Halo Effects That
Were Not Monetized
Partners’ overall approach to the research project was conservative.
Economic value was assessed only where there was precedent to do so, and
where the tools and approaches to measure monetary value are well-tested
and widely-accepted. It is important to note that the research also
documented areas of value that are significant, but where monetization
would be difficult.
Community Development & Incubation
Congregations with older buildings often provide space and other
resources to start-up organizations and small businesses. Many of these
entities bring great value to the community, and as they experience success,
they may grow out of the space and move to another building.
Cooperatively-owned credit unions, for example, can provide accessible
and affordable banking services to a community that may not be wellserved by traditional banks. This study found that 38 nonprofits and 18
businesses were incubated by congregations over the previous five years. In
addition to the study:
• 9 congregations reported housing programs that build permanent,
affordable housing.
• 10 reported having or hosting a community development
corporation.
• 2 a community co-op.
• 3 an investment club.
• 1 a credit union.
While it is clear these incubated or ancillary organizations have an
important economic impact, it is difficult to measure, so a monetary
value was not assigned to these activities.
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