The Economic Impact of Western New York’s Not-for-Profit Industry
Center for Governmental Research (CGR) was engaged to estimate the impact of the not-for-profit cultural industry in Western New York*. CGR broke the impact out into two parts: the arts and cultural organizations and their audiences. The economic impact is summarized in the table below:
The arts and cultural organizations in Western New York contribute an estimated $87 million to local GDP. They spend it in the form of wages to employees and payments to suppliers which supports about 2,200 jobs. These workers earn about $64.2 million in total. This income generated an estimated $3.2 million in sales and income tax.
Attendees to arts and cultural events generate revenue for local businesses. An average arts attendee spends $17.77 in addition to the cost of admission. Event attendees provide an estimated $70.2 million in revenue to the Western New York economy and support 700 jobs. Non-local attendees spend more than local attendees ($8.92 vs $52.10).
*Western New York includes Allegany, Cattaraugus, Chautauqua, Erie and Niagara counties.
Funding for this report was provided by the New York Community Trust.