February 26, 2009
Charities Delay $166-Billion in Construction Projects
Nonprofit organizations in the United States have put on hold an estimated $166-billion worth of construction and renovation projects because of the economic downturn, according to a new report. That figure doesn't include projects by colleges or hospitals, which are probably worth many millions more.
The report found that 40 percent of 1,837 groups surveyed said financial woes had forced them to stall projects that were "shovel ready," meaning they had been designed and were ready
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