Arts & Economic Prosperity

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This presentation is from Americans for the Arts, "The Arts & Economic Prosperity III" Project. It's part of Tom Tresser's new class for the Stuart School of Business, "Creativity+Business." tom@tresser.com

Transcript of Arts & Economic Prosperity

  • 1.

2. The Most Comprehensive Study of Its Kind

  • Economic impact of nonprofit arts organizations and their audiences in 2005.
  • Study provides both local and national data
  • 156 Study Regions
  • Data collected from 6,080 nonprofit arts organizations and 94,486 attendees
  • Econometric input/output models built by project economists for each community

3. 156 Study Regions 116 Total Cities and Counties 16 1 million + 19 500,000 to 999,999 19 250,000 to 499,999 29 100,000 to 249,999 18 50,000 to 99,999 15 Less than 50,000 No. Study Regions Population Group 5 Statewide Regions 35 Multi-County Regions 156 Total 4. All 50 States + D.C.Hawaii Alaska 5. Nonprofit Arts & Culture A Growth Industry 6. How a Dollar is Respent Households Restaurants/Bars Prof. Services Accommodations Retail Trade Entertainment Construction Food Products Agriculture/Mining Round 6 Round 3 Initial Expenditure $0 $1,500,000 $3,000,000 $4,500,000 $6,000,000 $7,500,000 $9,000,000 $10,500,000 7. Economic Impact of Nonprofit Arts & Culture Industry $166.2 Billion Annual Expenditures 8. Government and the Arts 7:1 Return on Investment $4.0 billion $29.6 billion $0 $5 $10 $15 $20 $25 $30 $35 Government FUNDING Government REVENUE 9. Economic Impact of Nonprofit Arts & Culture Organizations $63.1 Billion Annual Expenditures 10. Percentage of U.S. Workforce How Nonprofit Arts & Culture Stacks Up . . . 11. Economic Impact of Nonprofit Arts & Culture Attendees $103.1 Billion Annual Expenditures 12. Nonprofit Arts & Culture AttendeesSpend $27.79 Per Person, Per Event 13. N onprofit Arts & Culture Attendees Local vs. Nonlocal 14. Event-Related Spending Local vs. Nonlocal Audiences 15. Nonprofit Arts & Culture Industry in U.S.

  • A Formidable Growth Industry
  • Attracts Audiences
  • Spurs Business Development
  • Supports Jobs
  • Generates Government Revenue

16. The Arts Mean Business! www.AmericansForTheArts.org/EconomicImpact 17. 18. 19.