Arts & Economic Prosperity

19

description

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." [email protected]

Transcript of Arts & Economic Prosperity

Page 1: Arts & Economic Prosperity
Page 2: Arts & Economic Prosperity

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

Page 3: Arts & Economic Prosperity

156 Study Regions

116Total Cities and Counties

161 million +

19500,000 to 999,999

19250,000 to 499,999

29100,000 to 249,999

1850,000 to 99,999

15Less than 50,000

No. Study RegionsPopulation Group

5Statewide Regions

35Multi-County Regions

156Total

Page 4: Arts & Economic Prosperity

All 50 States + D.C.

Hawaii

Alaska

Page 5: Arts & Economic Prosperity

Nonprofit Arts & CultureA Growth Industry

Page 6: Arts & Economic Prosperity

How a Dollar is “Respent”

House

hold

s

Resta

uran

ts/B

ars

Prof.

Serv

ices

Accom

mod

atio

ns

Retai

l Tra

de

Ente

rtai

nmen

t

Const

ruct

ion

Food

Pro

duct

s

Agricul

ture

/Min

ing

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

Page 7: Arts & Economic Prosperity

Economic Impact ofNonprofit Arts & Culture Industry

$166.2 Billion Annual Expenditures

Page 8: Arts & Economic Prosperity

Government and the Arts7:1 Return on Investment

$4.0 billion

$29.6 billion

$0

$5

$10

$15

$20

$25

$30

$35

Government FUNDING

Government REVENUE

Page 9: Arts & Economic Prosperity

Economic Impact ofNonprofit Arts & Culture Organizations

$63.1 Billion Annual Expenditures

Page 10: Arts & Economic Prosperity

Percentage of U.S. WorkforceHow Nonprofit Arts & Culture Stacks Up . . .

Page 11: Arts & Economic Prosperity

Economic Impact ofNonprofit Arts & Culture Attendees

$103.1 Billion Annual Expenditures

Page 12: Arts & Economic Prosperity

Nonprofit Arts & Culture Attendees Spend $27.79 Per Person, Per Event

Page 13: Arts & Economic Prosperity

Nonprofit Arts & Culture AttendeesLocal vs. Nonlocal

Page 14: Arts & Economic Prosperity

Event-Related SpendingLocal vs. Nonlocal Audiences

Page 15: Arts & Economic Prosperity

Nonprofit Arts & Culture Industry in U.S.

A Formidable Growth Industry Attracts Audiences

Spurs Business Development

Supports Jobs

Generates Government Revenue

Page 16: Arts & Economic Prosperity

The Arts Mean Business!

www.AmericansForTheArts.org/EconomicImpact

Page 17: Arts & Economic Prosperity
Page 18: Arts & Economic Prosperity
Page 19: Arts & Economic Prosperity