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SOURCE Minnesota Association of Collectors
ST. PAUL, Minn., May 8, 2014 /PRNewswire-USNewswire/ -- The Minnesota Association of Collectors is proud to announce its support of Hiring our Heroes, a national effort led by the U.S. Chamber of Commerce Foundation to encourage the hiring of military veterans and their spouses.
"We are excited to be involved in an initiative that helps achieve two very important purposes – to honor America's heroes who have sacrificed so much for us by helping them find work, and to fulfill the vision to pair employers in the industry with qualified veterans," said Minnesota Association of Collectors President Brian Bowers.
According to national data, there are approximately 11 million veterans in the civilian workforce and the number is expected to increase due to returning veterans as a result of American troop drawdowns.
From an industry perspective, the Bureau of Labor Statistics projects employment in the collections industry to grow by 15 percent between now and 2022, adding more than 58,000 jobs. Further, US News & World Reports, citing a favorable industry outlook, recently placed bill collections as its 11th top job in business in 2014 and 57th out of top 100 overall.
A national survey by industry trade association ACA International and global consulting firm Ernst & Young indicates that third-party debt collectors influences the creation of 9,400 jobs in Minnesota with a payroll of approximately $360 million. "Today's collection agencies do more than just recover consumer debt; they are also valuable job providers, taxpayers, community volunteers and philanthropists," said Bowers.
The Minnesota Association of Collectors is a state Unit of ACA International (www.acainternational.org), the comprehensive, knowledge-based resource for the credit and collection industry. Founded in 1939, ACA brings together more than 350,000 professionals representing third-party collection agencies, asset buyers, attorneys, creditors and vendor affiliates. ACA supports members through state and federal advocacy, training and resources.
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