Arts and Economic Prosperity 5: The Economic Impact of Nonprofit Arts & Cultural Organizations & their Audiences in Western New York

Abstract

[Excerpt] Arts & Economic Prosperity 5 provides evidence that the nonprofit arts and culture sector is a significant industry in Western New York—one that generates $352.1 million in total economic activity. This spending—$156 million by nonprofit arts and cultural organizations and an additional $196.1 million in event-related spending by their audiences—supports 10,160 full-time equivalent jobs, generates$208.2 million in household income to local residents, and delivers $40.3 million in local and state government revenue. This economic impact study sends a strong signal that when we support the arts, we not only enhance our quality of life, but we also invest in Western New York’s economic well-being