Nationally, financial losses to the nonprofit arts sector are estimated to be $4.5 billion as of April 6 (up from $3.2 billion on March 20). Americans for the Arts estimates that nonprofit arts organizations already have experienced an estimated 197 million lost event admissions due to cancelled or postponed events.
A cultural event happens every nine minutes in the Greater Boston area, serving about 21 million people a year—nearly four times more people than attend Red Sox, Patriots, Bruins, and Celtics games combined. Along with bringing in people to events, the arts industry contributes $2 billion annually to the local economy.
In the city of Huntsville, Alabama and the surrounding Madison County, the nonprofit arts and culture industry plays a vital role in the economy. Arts and Economic Prosperity 5, a new economic impact study by Americans for the Arts, measured the economic impact of arts nonprofits in Huntsville/Madison County, which was one of 341 study regions across the country.
The nonprofit arts and culture industry in Door County, Wisconsin generates $24.7 million in economic activity per year, according to a new study by Americans for the Arts. $15 million of this total comes from event-related spending by audience members on items such as meals, parking, and hotel rooms.
A new study from Americans for the Arts measured the economic impact of nonprofit arts and culture organizations in Lynchburg, Virginia at $10.8 million per year. In 2015, these organizations spent $6,648,618 on salaries, contracts, supplies, and other expenses. In addition, audience members generated $4,207,822 in event related spending—such as meals, souvenirs, and transportation.
The Salt Lake City Arts Council recently participated in a study—led by Americans for the Arts—called Arts and Economic Prosperity 5, which measured the economic impact of the nonprofit arts and culture industry in 341 regions nationwide. The study found that arts and culture nonprofits in Salt Lake City generate $306.6 million in economic activity a year.
A new study by Americans for the Arts revealed that the nonprofit arts and culture industry in the Black Hills Region of South Dakota generates more than $114 million per year in economic activity. Spending by arts nonprofits and their audiences also supports 3,573 full-time equivalent jobs and generates $10 million in tax revenue.
In Providence, Rhode Island, the nonprofit arts and culture industry generates nearly $206 million in economic activity per year. Spending by arts nonprofits and their audiences supports 5,115 full-time equivalent jobs and generates $21 million in city and state tax revenue. These numbers come from Arts and Economic Prosperity 5, a national economic impact study by Americans for the Arts.
On September 8, leaders from the arts, business, and local government will gather for a public forum on the intersection of arts and the local economy. The event—called “Whose Business is the Arts?”—will be co-sponsored by the Lehigh Valley Arts Council and the Lehigh Valley Partnership. The forum comes as a response to the release of Arts and Economic Prosperity 5, the latest economic impact study from Americans for the Arts.
Randy Cohen, Vice President of Research and Policy at Americans for the Arts, visited Buffalo on August 7 to discuss the results of Arts and Economic Prosperity 5. The study measured the impact of the nonprofit arts and culture industry by collecting data from 341 communities and regions across the country.
Mike McInally, editor of the Albany Democrat-Herald, is a believer in art for the sake of art. McInally wrote an editorial on the importance of measuring the economic impact of the arts, prompted by the release of Arts and Economic Prosperity 5.
FOX 25 News reported from Oklahoma City, where the nonprofit arts and culture industry helps the local economy thrive. Arts and Economic Prosperity 5, a study by Americans for the Arts, found that arts and culture nonprofits generate over $602 million of economic activity in the Greater Oklahoma City region, and over $872 million in the state as a whole.
Morris Arts Executive Director Tom Werder traveled to Capitol Hill this July to speak to lawmakers about the importance of the arts in New Jersey. Werder joined arts advocates from around the country at a press conference organized by Americans for the Arts, where they discussed data from Arts and Economic Prosperity 5, a recent study that measured the economic impact of the nonprofit arts and culture industry.
Actors and theatergoers aren’t the only people excited about the new black box theater under construction in downtown Peabody, Massachusetts. Local business owners are anticipating a swell in economic activity in their restaurants, bars, and shops.
Ohio’s nonprofit arts and culture sector isn’t a charity—it’s a bona fide industry. In the Greater Columbus area, nonprofit arts and culture organizations generate $412 million in economic activity per year, support nearly 15,000 full-time equivalent jobs, and provide $373.4 million in annual household income for Ohio residents.
