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Visual Arts - Articles |
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In summer
2007, Americans for the Arts released its
third national study of the economic impact
of arts organizations on local communities.
Copies of the full report, Arts &
Economic Prosperity III: The Economic Impact
of Nonprofit Arts and Culture Organizations
and Their Audience visit www.americansforthearts.org
Reprint of National Press Release from
Americans For The Arts
Arts & Economic Prosperity III: The
Economic Impact of Nonprofit Arts and
Culture Organizations and Their Audiences
documents the key role played by the
nonprofit arts and culture industry in
strengthening our nation ’s
economy. This study demonstrates that the
nonprofit arts and culture industry is an
economic driver in communities—a
growth industry that supports jobs,
generates government revenue, and is the
cornerstone of tourism.
Nationally, the nonprofit arts and
culture industry generates $166.2 billion in
economic activity every year —$63.1
billion in spending by organizations and an
additional $103.1 billion in event-related
spending by their audiences. The study is
the most comprehensive study of the
nonprofit arts and culture industry ever
conducted. It documents the economic impact
of the nonprofit arts and culture industry
in 156 communities and regions (116 cities
and counties, 35 multicounty regions, and
five states), and represents all 50 states
and the District of Columbia.
The $166.2 billion in total economic
activity has a significant national impact,
generating the following:
5.7
million full-time equivalent jobs
$104.2
billion in household income
$7.9
billion in local government tax
revenues
$9.1
billion in state government tax
revenues
$12.6
billion in federal income tax
revenues
Our Arts & Economic Prosperity studies
continue to be among the most frequently
cited statistics used to demonstrate the
impact of the nation ’s
nonprofit arts industry on the local, state,
and national economy.
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