Arts and Economic Prosperity 5 Report
WESTERN NEW YORK’S IMPACT
Please note that this is a 15 page preview of the report. To download the full report, use the link at the bottom of this page.
Nonprofit arts and cultural organizations are businesses in their own right. Nationally, they spent $156 million during fiscal year 2015 to employ people locally, purchase goods and services from local establishments, and attract tourists. They also leveraged a remarkable $196.1 million in additional spending by cultural audiences—spending that pumps vital revenue into restaurants, hotels, retail stores, parking garages, and other local businesses.
By every measure, the results are impressive. This study puts to rest a misconception that communities support arts and culture at the expense of local economic development. In fact, communities that support the arts and culture are investing in an industry that supports jobs, generates government revenue, and is the cornerstone of tourism. This Arts & Economic Prosperity 5 study shows conclusively that, locally as well as nationally, the arts mean business in Western New York!