How Much Money Goes Into the Performing Arts Annually
Introduction
From coast to coast and from our smallest rural towns to our largest urban cities, America's 100,000 nonprofit arts and cultural organizations make their communities more than desirable places to live and piece of work every day of the year. The arts provide inspiration and joy to residents, beautify public spaces, and strengthen the social fabric of our communities. Nonprofit arts and cultural organizations are as well businesses. They employ people locally, purchase goods and services from local businesses, make communities more vibrant, and concenter tourists. Event-related spending by arts audiences generates valuable revenue for local merchants such as restaurants, retail stores, hotels, and parking garages.
Arts & Economical Prosperity 5 (AEP5) is our fifth report of the nonprofit arts and culture manufacture'southward impact on the economic system. AEP5 is the most comprehensive economic touch report of the nonprofit arts and culture manufacture ever conducted. Information technology documents the economical contributions of the arts in 341 diverse communities and regions across the country, representing all 50 states and the District of Columbia. The participating communities range in population from one,500 to 4 meg and include rural, suburban, and urban areas (113 cities and 115 counties, 81 multicity or multicounty regions, xx statewide study areas, and 12 cultural districts). Project economists from the Georgia Institute of Technology customized an input-output analysis model for each community to provide specific and localized information on four measures of economic impact: total-fourth dimension equivalent jobs, household income, and local and state government acquirement. These localized models let for the uniqueness of each local economy to be reflected in the findings.
National Highlights
Nationally, the nonprofit arts and culture industry generated $166.three billion of economic activity during 2015—$63.viii billion in spending past arts and cultural organizations and an boosted $102.five billion in event-related expenditures past their audiences. This activity supported 4.6 one thousand thousand jobs and generated $27.v billion in revenue to local, country, and federal governments (a yield well across their collective $5 billion in arts allocations). By every measure out, the results are impressive.
Economic Impact of Spending past Organizations
Arts and cultural organizations are valued members of the business concern community. They employ people locally, buy goods and services from inside the community, are members of their Chambers of Commerce, and promote their regions. In 2015, these organizations—performing and visual arts organizations, festivals, public art programs, municipally-owned museums and arts centers, and more—pumped an estimated $63.viii billion into the nation's economy, supporting 2.3 million jobs, providing $49.iv billion in household income, and generating $11.9 billion in full government acquirement.
Economical Impact of Event-Related Audition Spending
The arts, dissimilar most industries, leverage pregnant amounts of result-related spending by their audiences. For example, part of the arts experience may include dining out, paying for parking, shopping in local retail stores, enjoying dessert afterward the show, and returning dwelling to pay the babysitter. Based on the 212,691 audience-intercept surveys conducted for this study, the typical arts attendee spends $31.47 per person, per upshot, beyond the cost of admission. Nationally, total event-related spending was an estimated $102.5 billion during 2015. This spending supported ii.3 million jobs, provided $46.vi billion in household income, and generated $15.vii billion in total government revenue.
When a customs attracts nonlocal arts attendees and cultural tourists, information technology harnesses significant economic rewards. In addition to spending data, researchers asked each of the 212,691 survey respondents to provide their habitation zip code. Attendees that live inside the county in which the arts event took identify were considered local; those who live outside of the county were categorized as nonlocal. While the ratio of local to nonlocal attendees is different in every community, the national sample revealed that 34.one pct of attendees traveled from exterior of the county in which the event took place (nonlocal), and 65.nine percent of attendees resided within the county (local). Nonlocal attendees spend twice as much per person as their local counterparts as a effect of attending an arts event ($47.57 vs. $23.44).
Nonlocal attendees were asked about the purpose of their visit. More than 2-thirds (68.nine pct) indicated that the primary purpose of their visit was "specifically to attend this arts event," demonstrating the power of the arts to concenter visitors to the community. As function of the survey, local attendees were asked almost what they would have washed if the arts consequence that they were attending was non taking identify: 41 pct said they would have "traveled to a different customs to attend a similar cultural event." If a community fails to provide a multifariousness of artistic and cultural experiences, not but will it neglect to attract new dollars from cultural tourists, it will also lose the discretionary spending of its ain residents who will travel elsewhere for a similar arts experience.
Conclusion
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 & Economical Prosperity five shows conclusively that, locally too as nationally, the arts mean business.
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Source: https://www.americansforthearts.org/by-program/reports-and-data/research-studies-publications/arts-economic-prosperity-5/learn/national-findings
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