arts & economic prosperity

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This presentation is from Americans for the Arts, "The Arts & Economic Prosperity III" Project. It's part of Tom Tresser's new class for the Stuart School of Business, "Creativity+Business." tom@tresser.com

TRANSCRIPT

The Most Comprehensive Study of Its Kind

Economic impact of nonprofit arts organizations and their audiences in 2005.

Study provides both local and national data

156 Study Regions

Data collected from 6,080 nonprofit arts organizations and 94,486 attendees

Econometric input/output models built by project economists for each community

156 Study Regions

116Total Cities and Counties

161 million +

19500,000 to 999,999

19250,000 to 499,999

29100,000 to 249,999

1850,000 to 99,999

15Less than 50,000

No. Study RegionsPopulation Group

5Statewide Regions

35Multi-County Regions

156Total

All 50 States + D.C.

Hawaii

Alaska

Nonprofit Arts & CultureA Growth Industry

How a Dollar is “Respent”

House

hold

s

Resta

uran

ts/B

ars

Prof.

Serv

ices

Accom

mod

atio

ns

Retai

l Tra

de

Ente

rtai

nmen

t

Const

ruct

ion

Food

Pro

duct

s

Agricul

ture

/Min

ing

Round 6

Round 3

Initial Expenditure

$0

$1,500,000

$3,000,000

$4,500,000

$6,000,000

$7,500,000

$9,000,000

$10,500,000

Economic Impact ofNonprofit Arts & Culture Industry

$166.2 Billion Annual Expenditures

Government and the Arts7:1 Return on Investment

$4.0 billion

$29.6 billion

$0

$5

$10

$15

$20

$25

$30

$35

Government FUNDING

Government REVENUE

Economic Impact ofNonprofit Arts & Culture Organizations

$63.1 Billion Annual Expenditures

Percentage of U.S. WorkforceHow Nonprofit Arts & Culture Stacks Up . . .

Economic Impact ofNonprofit Arts & Culture Attendees

$103.1 Billion Annual Expenditures

Nonprofit Arts & Culture Attendees Spend $27.79 Per Person, Per Event

Nonprofit Arts & Culture AttendeesLocal vs. Nonlocal

Event-Related SpendingLocal vs. Nonlocal Audiences

Nonprofit Arts & Culture Industry in U.S.

A Formidable Growth Industry Attracts Audiences

Spurs Business Development

Supports Jobs

Generates Government Revenue

The Arts Mean Business!

www.AmericansForTheArts.org/EconomicImpact

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