Sarah Ford | October 3, 2013
Government Shutdown: What It Means for Nonprofits
When the clock struck midnight earlier this week, much of the federal government was expected to shut its doors, and the impact on the economy is expected to be immediate. The most conservative estimates from the first government shutdown in 1981 put the cost of a the work stoppage at $8.2 million per day, or almost $21 million in today’s dollars. In Washington, DC, an estimated $200 million per day will be lost, and 700,000 jobs will be affected.
So what does this mean for nonprofits—in particular, charitable groups that rely on government contracts and funding?
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