Press & News
October 23, 2007
Study shows nonprofit arts have significant national impact
A report just in from Americans for the Arts Arts Action News:
Americans for the Arts this year released Arts & Economic Prosperity III: The Economic Impact of Nonprofit Arts and Culture Organizations and Their Audiences, which 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. The study is the most comprehensive study of the nonprofit arts and culture industry ever conducted and was administered in 156 communities, representing all 50 states and 227 congressional districts.
The study shows that the nonprofit arts have a significant national impact, generating the following:
- 5.7 million full-time equivalent jobs
- $166.2 billion in annual economic activity
- $7.9 billion in local government tax revenues
- $9.1 billion in state government tax revenues
- $12.6 billion in federal income tax revenues
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