Arts Strengthen the Economy
Randy Cohen of Americans for the Arts creates an annual list of 10 Reasons to Support the Arts. Here at the Arts and Cultural Alliance of Sarasota County, we are fortunate to see all of these reasons at the local level. This summer we are going to showcase a local example to support each of Cohen’s reasons.
Arts strengthen the economy.
The production of all arts and cultural goods in the U.S. (e.g., nonprofit, commercial, education) added $764 billion to the economy in 2015, including a $21 billion international trade surplus—a larger share of the nation’s economy (4.2 percent) than transportation, tourism, and agriculture (U.S. Bureau of Economic Analysis). The nonprofit arts industry alone generates $166.3 billion in economic activity annually—spending by organizations and their audiences—which supports 4.6 million jobs and generates $27.5 billion in government revenue.
According to the most recent Arts and Economic Prosperity Study conducted by Americans for the Arts in 2015, the arts in Sarasota County create 7,445 jobs and $295 million in direct expenditures. This is more than triple similar regions!