research

Topic: Creative Economies: Economic Impact

Arts and cultural programs can contribute significantly to local economic development. From the production of cultural goods to the attraction of a creative workforce, the economic impact of the arts significantly contributes to the vitality of a community. The Americans for the Arts 2002 study, Arts & Economic Prosperity: The Economic Impact of Nonprofit Arts Organizations and Their Audiences, revealed that the arts industry had a $134 billion economic impact on the economy. Other findings from that study have revealed that the nonprofit arts generate 4.85 million full-time jobs, $89.4 billion in household income, and $24.4 billion in tax revenues.