Economic Impact of the Arts
When community leaders fund the arts, they not only enhance our
quality of life, but also invest in our economic well-being.
Economic Impact of the Nonprofit Arts Industry
Total Economic Activity $134 Billion
Total Spending by Nonprofit Arts Organizations $53.2 Billion
Total Spending by Nonprofit Arts Audiences $80.8 Billion
Total Full-Time Equivalent Jobs Supported 4.85 Million
Total Tax Revenue Generated $24.4 Billion
Federal Income Tax Revenue $10.5 Billion
State Government Revenue $7.3 Billion
Local Government Revenue $6.6 Billion
Total Household Income Generated $89.4 Billion
- Arts organizations are responsible
businesses, employers, and consumers. Spending by nonprofit
arts organizations—only a fraction of the total arts and entertainment
industry—was an estimated $53.2 billion in fiscal 2000,
and leveraged an additional $80.8 billion in event related
spending by arts audiences. This $134 billion in total economic
activity
supports 4.85 million FTE jobs and generates $24.4 billion
in government revenue annually.
- From major metropolitan areas
to small rural towns, this research shows that the nonprofit
arts are an economically
sound investment. They attract audiences, spur business development,
support jobs, and generate government revenue. Locally as well
as nationally, the arts mean business.
Source: Arts & Economic
Prosperity, Americans for the Arts. 2002.
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