Arts & Economic Prosperity
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Transcript of 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
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
All 50 States + D.C.
Hawaii
Alaska
Nonprofit Arts & CultureA Growth Industry
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
Economic Impact ofNonprofit Arts & Culture Industry
$166.2 Billion Annual Expenditures
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
Economic Impact ofNonprofit Arts & Culture Organizations
$63.1 Billion Annual Expenditures
Percentage of U.S. WorkforceHow Nonprofit Arts & Culture Stacks Up . . .
Economic Impact ofNonprofit Arts & Culture Attendees
$103.1 Billion Annual Expenditures
Nonprofit Arts & Culture Attendees Spend $27.79 Per Person, Per Event
Nonprofit Arts & Culture AttendeesLocal vs. Nonlocal
Event-Related SpendingLocal vs. Nonlocal Audiences
Nonprofit Arts & Culture Industry in U.S.
A Formidable Growth Industry Attracts Audiences
Spurs Business Development
Supports Jobs
Generates Government Revenue
The Arts Mean Business!
www.AmericansForTheArts.org/EconomicImpact