Economic Prosperity Led to New Types of Arts and Entertainment

Americans for the Arts, national findings

Arts & Economic Prosperity 5 is here! The Metropolis of Columbia was one of 341 communities beyond the country to participate in the Arts & Economic Prosperity 5 national economic impact study, conducted by Americans for the Arts.  On this page, read Columbia's full report and learn more about the impact of the arts on Columbia's local economy.

City of Columbia Reports

• Download total studyopens PDF file
• Download one-page summary sheetopens PDF file

Introduction

In communities declension-to-coast, from our smallest towns to our largest cities, America's 100,000 nonprofit arts and cultural organizations make their community more desirable places to live and piece of work every day of the year. The arts provide inspiration and joy to residents, beautify public spaces, and strengthen the social cloth of our communities. Nonprofit arts and cultural organizations are also businesses. They employ people locally, purchase goods and services from local businesses, brand communities more vibrant, and attract tourists. Event-related spending by arts audiences generates valuable revenue for local merchants such as restaurants, retail stores, hotels, and parking garages.

Columbia'southward Report Highlights

Locally, the nonprofit arts and civilization industry generated $14.7 one thousand thousand in economic action during 2015 – $ix.ii 1000000 in spending by arts and cultural organizations and an additional $five.half dozen 1000000 in effect-related expenditures by their audiences. This activity supported 659 jobs and generated $1.3 one thousand thousand in local and country government revenues. By every measure, the results are impressive.

Economic Impact of Spending past Organizations

Arts and cultural organizations are valued members of the business community. They employ people locally, purchase goods and services from within the customs, are members of the Chamber of Commerce, and promote the region. In 2015, Columbia's organizations – performing and visual arts organizations, festivals, metropolis art programs, and more – pumped an estimated $9.2 million into the local economy, supporting 483 jobs, providing $seven.25 one thousand thousand in household income, and generating $717,000 in local and state government acquirement.

Economic Impact of Consequence-Related Audience Spending

The arts, different nearly industries, leverage significant amounts of event-related spending by their audiences. For example, function of the arts experience may include dining out, paying for parking, shopping in local retail stores, enjoying dessert afterwards the show, and returning home to pay the babysitter. Based on the 829 audience-intercept surveys conducted in Columbia for this study, the typical arts attendee spends $16.57 per person, per result, across the toll of access. This spending supported 176 jobs, providing $3.5 million in household income, and generated $567,000 in local and land authorities acquirement.

When a community attracts nonlocal arts attendees and cultural tourists, information technology harnesses significant economical rewards. In addition to spending data, we asked each of the 829 survey respondents to provide their home cipher code. Attendees that living within Boone County were considered local; those who lived outside Boone County were categorized every bit nonlocal. Our sample revealed that 18.7 per centum of attendees traveled from outside of the county (nonlocal), and 81.three percent of attendees resided inside the county (local). Nonlocal attendees spend twice equally much per person as their local counterparts every bit a upshot of attention an arts upshot ($28.twoscore vs. $13.85).

Nonlocal attendees were asked about the purpose of their visit. 83.2 percent indicated that the primary purpose of their visit was "specifically to attend this arts event," demonstrating the power of the arts to attract visitors to the customs. Equally function of the survey, local attendees were asked most what they would accept done if the arts upshot that they were attention was non taking place: 49.3 percentage said they would have "traveled to a different customs to attend a like cultural event." If Columbia fails to provide a variety of artistic and cultural experiences, not simply volition information technology fail to concenter new dollars from cultural tourists, it will also lose the discretionary spending of its own residents who will travel elsewhere for a similar arts experience.

Conclusion

This study puts to residue a misconception that communities support arts and civilization at the expense of local economic development. In fact, Columbia is investing in an manufacture that supports jobs, generates regime revenue, and is the cornerstone of tourism. Arts & Economic Prosperity v shows conclusively that the arts mean business.

Well-nigh the Written report

The most comprehensive economical affect study of the nonprofit arts and culture industry ever conducted in the United states of america, Arts & Economic Prosperity five was conducted past Americans for the Arts, the nation's leading nonprofit organization for advancing the arts and arts education. The Columbia study received boosted back up from the Missouri Arts Quango, a state agency.Americans for the Arts' local, regional, and statewide project partners contributed both time and financial support to the written report. Financial information from organizations was collected in partnership with DataArts™. View a total listing of the communities who participated in the Arts & Economic Prosperity 5 written report.

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Source: https://www.como.gov/cultural-affairs/programs-and-services/arts-economic-prosperity-study/

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