Minneapolis' arts organizations deliver big-bucks to State and local economy 8,504 full-time jobs and $27.9 million in state and local revenue
Minneapolis' nonprofit arts industry generates nearly $28 million in state and local revenue and 8,405 full-time jobs according to a study by Americans for the Arts. The national report, Arts & Economic Prosperity: The Economic Impact of Nonprofit Arts Organizations and Their Audiences, looked at 91 U.S. cities and how the nonprofit arts industry impacted local and state economies. "Minneapolis is home to a thriving arts community that enhances our lives with spectacular cultural attractions, creative fun for our youth and amazing works of art," said Mayor R.T. Rybak. "Now we've got some bottom line numbers that show the tremendous contribution the arts make in bringing dollars and jobs to our community." The local data reveal that Minneapolis' nonprofit arts industry generates $269.4 million in economic activity annually, including: * 8,504 full-time equivalent jobs * $214 million in resident household income * $8.3 million in local government revenues * $19.6 million in state government revenues. The $269.4 million total includes $171.2 million in spending by arts organizations and $98.2 million in event-related spending by arts audiences (excluding admission). The $98.2 million in event-related spending by arts audiences reflects an average of $19.09 per person in spending for hotels, restaurants, parking, souvenirs, refreshments, or other similar costs. Those attending events from outside Minneapolis spend significantly more than local attendees ($33.97compared to $14.85). The City of Minneapolis Office of Cultural Affairs helped facilitate gathering detailed economic data from the 300 local arts organizations surveyed, which were among 3,000 local arts organizations surveyed nation wide. According to the report, nationally, the nonprofit arts industry generates 4.9 million jobs and $134 billion in economic activity every year, resulting in $24.4 billion in federal, state and local government revenues. The $134 billion total includes $53.2 billion in spending by arts organizations and $80.8 billion in event-related spending by arts audiences. Americans for the Arts is the leading nonprofit organization for advancing the arts in America. The national study was funded by the American Express Company, the National Endowment for the Arts, and community-based arts partners in each of the 91 cities. The full text of the report is available at www.AmericansForTheArts.org/EconomicImpact. If you wish to subscribe to City of Minneapolis news updates, please click on the e-subscribe button at www.ci.minneapolis.mn.us. Vaman Pai Communications Department City of Minneapolis 612.673.2123 _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
