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Seeking extra revenue, some associations sharing space

Time is money, and for some associations, space is money too. In a time when many organizations are scouring their budgets for additional sources of income, some with extra office space are looking to use it to raise some revenue. Space-sharing among associations has been a “major trend” in the last 18 months in Alexandria, Va., says Stephanie Landrum, senior vice president of Alexandria Economic Development Partnership. The city of Alexandria, just south of Washington, D.C., is home to roughly 420 associations, making it the jurisdiction with the fourth largest concentration of such groups, right behind the association powerhouses of Washington, Chicago and New York,… Read More