steve weathers president and ceo, regional growth partnership
TRANSCRIPT
Steve WeathersPresident and CEO, Regional
Growth Partnership
The Honorable Mayor Carleton
FinkbeinerCity of Toledo
Frances Strickland,First Lady of Ohio
Dr. James M. Smith
Vice President for Regional Growth/Economic DevelopmentBowling Green State University
Mary WolfeOhio Arts Council Board Member
Dr. Michael C. CarrollDirector, Center for Regional
DevelopmentBowling Green State University
Arts and Regional Prosperity:Economic Impact of Creative Industries in
Northwest Ohio
Michael C. Carroll Center for Regional Development
Overview Study Parameters and
Background Study Area Defining the Creative
Industries
Study Results Economic
Development Possibilities
Previous Economic Impact Studies Bowling Green State
University The Toledo Zoo The University of
Toledo Clay Center for the
Arts and Sciences, Charleston, WV
West Virginia's Oil and Gas Industry
State College System of West Virginia
Main Street Tomorrow Grafton, WV
University of Toledo Athletics Programs
Study Area 27 Counties in Northwest
Ohio Most Arts studies are done
for a single city or state.
Population 1.8 Million 786,327 Households Per Capita Income
$28,945 Average Household
Income $68,159
Creative Industries Included Americans for the Arts
Museums and Collections
Performing Arts Visual Arts/Photography Film, Radio, and
Television Design and Publishing Arts Schools and
Services
Specific Industries Included Radio and television
broadcasting Advertising and related
services Specialized design services Ornamental and architectural
metal work manufacturing Motion picture and video
industries Museums Photographic services Video tape and disc rental Sign manufacturing
Promoters of performing arts Independent artists- writers-
and performers Performing arts companies Sound recording industries Book publishers and
newspapers Custom architectural woodwork
and millwork Musical instrument
manufacturing Cable networks and program
distribution Audio and video media
reproduction
Creative Industries Economic Impacts: Highlights
Generates $2.4 billion annually in NW Ohio economy
Supports 33,426 jobs annually in NW Ohio Generates $97 million in State and Local
tax revenues Generates $151 million in Federal Tax
revenues
Context:Employment Equivalent 10 North Toledo Jeep
assembly plants. 95 Bass Pro Shops
Stores 10 Whirlpool plants Equal to the labor
force of Sandusky County
Locating the Impact
Less than 1/2%
1% to 2.25%
2.25% to 5.5%
5.5% to 10%
Greater than10%
Locating the Impact
Less than 1/2%
1% to 2.25%
2.25% to 5.5%
5.5% to 10%
Greater than10%
Not Included in the Study Because of Data Limitations Visitor spending at
Arts events
Architectural and engineering services (6th largest driver in NW Ohio economy)
Moving Beyond the Study Creative industries
can be an economic driver
The Creative Industries Cluster The creative industries
have the same social infrastructure as any knowledge-based industry 157
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The Creative Cluster Cluster-based economic
development is an economic development strategy that targets existing firms.
The underpinning of a successful cluster is a high level of social capital or strong interpersonal relationships.
Richard Anderson
Chairman and CEO, The Andersons