Americans for the Arts, a national arts studies and advocacy organization, recently released its sixth report on the arts and economic prosperity (AEP6), the largest and most inclusive study of its kind, and despite the challenging situations that face arts and culture. industry. Today, the effects are impressive. This multi-year study included the arts and cultural activities of 373 diverse communities and regions representing all 50 states, Washington, D. C. and Puerto Rico.
Nationally, the nonprofit arts and culture sector generated $151.7 billion of economic activity in 2022 — $73.3 billion in spending by arts and culture organizations and an additional $78.4 billion in event-related expenditures by their audiences. The industry supported over 2.6 million jobs, provided $101 billion in personal income to residents, and generated $29.1 billion in tax revenue to local, state, and federal governments.
“Mayors sense the connection between the arts industry and the city’s 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 make our cities tourist destinations, attract and retain businesses and play a vital role in the economic revitalization of cities and the energy 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. “
In addition to this sense of pride in the network, AEP6 highlights the fact that when other people attend arts and cultural events, they also dine out, pay for parking or transportation, have a dessert or drink after the show, and pass them home to pay the fee. Participants in art events spend an average of $38. 46 per user at local merchants, in addition to the value of the ticket.
Other findings from this include:
· Nonprofit arts and cultural organizations are local businesses. They employ other people locally, purchase goods from neighboring businesses, and participate in the marketing and promotion of their cities and regions. They offer rewarding work for more than artists, curators and musicians. They also employ marketers, accountants, security guards, engineers, and a variety 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 U. S. Bureau of Economic Analysis, the country’s arts and entertainment sector (commercial and not-for-profit) is a $1. 02 trillion industry that supports four million jobs and accounts for four . 4% of the country’s economy. more from sectors such as construction, shipping and agriculture.
From the nonprofit arts and culture industry to the advertising arts and entertainment sector as a whole, many Americans owe their livelihoods and quality of life to a colorful and enduring organization of individuals, businesses and organizations that They make up the cultural economy of our country. The Arts provide an important service to the country by regularly tracking and reporting on this economic data, and this latest report contains a wealth of data worthy of helping policymakers, nonprofit arts workers, and business leaders to defend the continuity and popularity of this important economic sector in a challenging environment.
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