Arts and Economic Prosperity 5 - National Findings Video
Arts & Economic Prosperity 5 is Americans for the Arts’ fifth study of the nonprofit arts and culture industry's impact on the economy. It documents the economic contributions of the arts in 341 diverse communities and regions across the country, representing all 50 states and the District of Columbia. Nationally, the nonprofit arts and culture industry generated $166.3 billion of economic activity in 2015—$63.8 billion in spending by arts and cultural organizations and an additional $102.5 billion in event-related expenditures by their audiences. This activity supported 4.6 million jobs and generated $27.5 billion in revenue to local, state, and federal governments (a yield well beyond their collective $5 billion in arts allocations). By every measure, the results are impressive. This study puts to rest a misconception that communities support arts and culture at the expense of local economic development. In fact, communities are investing in an industry that supports jobs, generates government revenue, and is the cornerstone of tourism.
Arts & Economic Prosperity 5 shows conclusively that, locally as well as nationally, the arts mean business!
Arts, Culture, Economic Prosperity and Beyond (Annual Convention 2017)
Catch the can’t-miss unveiling of the national findings of Arts & Economic Prosperity 5, as Americans for the Arts’ Randy Cohen weaves a story drawn from hundreds of communities and over 200,000 patron surveys on the power of the arts as an economic driver and jobs creator. Then explore the complex nature of community impact as economics take their place beside other drivers of community health and vibrancy in a panel featuring noted author and social justice theorist Jeff Chang (Who We Be, We Gon’ Be Alright), creative entrepreneur and artist Vinitha Watson, and noted arts funder San San Wong. Moderated by Americans for the Arts board member Margie Reese. The impact of the arts is strong, and we’re here to help you tell the whole story!