IMPACT OF THE ARTS
You don’t have to be a mathematician to see the impact of the arts. And thank goodness, because we prefer palettes to decimal points.
Below are a few of our favorite numbers.
Nationally, the nonprofit arts and culture industry generated $166.3 billion of economic activity during 2015—$63.8 billion in spending by arts and cultural organizations and an additional $102.5 billion in event-related expenditures by their audiences. This activity supported 4.6 million jobs and generated $27.5 billion in revenue to local, state, and federal governments (a yield well beyond their collective $5 billion in arts allocations). By every measure, the results are impressive.
Arts are good for local businesses. Attendees at nonprofit arts events spend $24.60 per person, per event, beyond the cost of admission on items such as meals, parking, and babysitters—valuable revenue for local commerce and the community.
More than half of respondents overall (53 percent) reported that arts support contributes to stimulating creative thinking and problem solving.
Clearly, supporting the arts as a way to encourage creativity and innovation at companies is a growth area for arts and business partnerships.