God Pays
Churches not only bring faith and civic value, but also an economic value, an "economic halo" that averages $1.5 million per congregation in Philadelphia, according to a recent report by Partners for Sacred Places and University of Pennsylvania professor Ram Cnaan.
That report, "How Catholic Places Serve Civic Purposes: The Archdiocese of Philadelphia's Economic 'Halo Effects,' " put the economic weight of the archdiocese and other Catholic entities in Southeastern Pennsylvania at $4.2 billion in fiscal 2015.
Churches not only bring faith and civic value, but also an economic value, an "economic halo" that averages $1.5 million per congregation in Philadelphia, according to a recent report by Partners for Sacred Places and University of Pennsylvania professor Ram Cnaan.
That report, "How Catholic Places Serve Civic Purposes: The Archdiocese of Philadelphia's Economic 'Halo Effects,' " put the economic weight of the archdiocese and other Catholic entities in Southeastern Pennsylvania at $4.2 billion in fiscal 2015.
The figure includes archdiocesan programs ($400 million), parishes ($1.07 billion, mostly from parish schools), Catholic hospitals ($1.12 billion), Catholic higher-education institutions ($1.4 billion), and private Catholic schools ($212 million).
As reported yesterday in The Philadelphia Inquirer
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