Americans for the Arts, a national advocacy and research organization for the arts, has recently released its sixth report on Arts & Economic Prosperity (AEP6) – the largest and most inclusive study of its kind — and despite the challenges facing the arts and culture industry today, the results are impressive. Arts and cultural activity in 373 diverse communities and regions representing all 50 states, Washington, DC, and Puerto Rico were included in this multi-year study.
Nationally, the nonprofit arts and culture sector generated $151. 7 billion in economic activity in 2022: $73. 3 billion in spending through arts and cultural organizations and another $78. 4 billion in expenses similar to the events of your audiences. The industry supported more than 2. 6 million jobs, provided $101 billion in non-public sources of revenue to residents, and generated $29. 1 billion in tax revenue for local, state and federal governments.
“Mayors see the connection between the arts industry and city profits,” said Hillary Schieve, mayor of Reno, Nevada. “Artistic activity creates thousands of direct and indirect jobs and generates billions of dollars in profits for the government and companies. The arts also turn our cities into tourist destinations, attract and retain businesses, and play a vital role in the economic revitalization of cities and the dynamism of our neighborhoods.
In fact, 80 of those attending arts and cultural events agreed that “the occasion they attend inspires a sense of pride in the community or community,” and 86 responded that they would “feel a wonderful sense of loss if this activity or position were no longer available. “
Besides this sense of community pride, AEP6 highlights the fact that when people attend arts and cultural events, they also dine out at restaurants, pay for parking or transportation, enjoy dessert or a drink after the show and return home to pay for child or pet care. Attendees at arts events spend an average of $38.46 per person with local merchants beyond the cost of admission.
Other findings from this include:
· Non-profit arts and cultural organizations are local businesses. They employ other people locally, buy goods and from neighboring businesses, and interact in marketing and promoting their cities and regions. They provide meaningful employment to more than just artists, curators and musicians. They also employ marketers, accountants, security guards, engineers, and a diversity of professions spanning many industries.
· Artistic and cultural organizations the tourism economy. One-third of attendees come from outside the county where the activity takes place and spend an average of $60. 57, twice as much as their local counterparts.
· Arts and culture spark creativity and innovation. “Creativity” is among the top five applied skills sought by business leaders according to The Conference Board’s Ready to Innovate Report – with 72 percent of business leaders saying creativity is of “high importance” when hiring.
“The AEP6 report underscores what businesses across the nation have witnessed – that investments in arts and culture not only enhance the quality of life, but also stimulate economic development,” said Paul Washington, Executive Director, Environmental, Social and Governance Center, The Conference Board. “By supporting the arts, companies attract and retain talent and create an environment where creativity, business, and communities thrive.”
It also highlights the fact that, according to the US Bureau of Economic Analysis, the country’s arts and entertainment sector (commercial and nonprofit) is a $1. 02 trillion industry that supports four million jobs and represents 4. 4% of the country’s economy, plus sectors such as construction, shipping and agriculture.
Whether it is the nonprofit arts and culture industry or the advertising arts and entertainment sector as a whole, many Americans owe their livelihood and quality of life to a dynamic organization and the sustainable progress of individuals, businesses and organizations that make up the cultural economy of our country. Americans for the Arts provides an important service to the country by regularly tracking and reporting this economic data, and this latest report contains a wealth of data worthy of helping policymakers, nonprofit arts staff, and business leaders to defend its continuity and popularity. important economic sector in a complicated environment.
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