Study reveals arts economic and social impact

Posted

LI Arts announced that Long Island’s nonprofit arts and culture industry generated $330 million in economic activity in 2022, according to the newly released Arts & Economic Prosperity 6 (AEP6), an economic and social impact study conducted by Americans for the Arts.

That economic activity–$178,403,836 in spending by nonprofit arts and culture organizations and $ 151,637,355 in event-related spending by their audiences supported 4905 jobs and generated $81.2 million in local, state, and federal government revenue. Spending by arts and culture audiences generates valuable commerce to local merchants, a value-add that few other industries can compete with.

Building on its 30-year legacy as the largest and most inclusive study of its kind, AEP6 uses a rigorous methodology to document the economic and social contributions of the nation’s nonprofit arts and culture industry. The study demonstrates locally as well as nationally, arts and culture are a critical economic driver of vibrant communities.

Nationally, the Arts & Economic Prosperity 6 (AEP6) study reveals that America’s nonprofit arts and culture sector is a $151.7 billion industry—one that supports 2.6 million jobs and generates $29.1 billion in government revenue.

“Arts and culture organizations have a powerful ability to attract and hold dollars in the community longer. They employ people locally, purchase goods and services from nearby businesses, and produce the authentic cultural experiences that are magnets for visitors, tourists, and new residents,” said Nolen V. Bivens, president and CEO of Americans for the Arts. “When we invest in nonprofit arts and culture, we strengthen our economy and build more livable communities.”

AEP6 represents a reset from its previous versions, establishing a new benchmark in the AEP study series:

Social Impact: For the first time, AEP6 expands beyond the economic and financial data to include social impact measurements of arts and culture’s effect on the well-being of communities and residents.

Equity and Inclusion: AEP6 broke new ground by prioritizing equity, community engagement, and inclusivity. With the goal of reducing systemic bias, Americans for the Arts transformed its approach and expanded the inclusion and participation of organizations serving or representing BIPOC- (Black, Indigenous, People of Color) and ALAANA- (African, Latine, Asian, Arab, Native American) identifying communities.

Nationally, the extensive research reveals proportional economic and community impacts among attendees at BIPOC and ALAANA organizations to the overall national average. These findings should initiate new, and escalate existing, critical funding conversations about BIPOC and ALAANA organizations receiving fair and proportional financial support.

Key figures from ARTs LI AEP6 study include:

Long Island’s nonprofit arts and culture industry generates $151,637,355 in event-related spending by its audiences.

The typical attendee spends $37.31 per person per event, not including the cost of admission.

11.2 percent of arts and culture attendees were from outside the county in which the activity took place. They spent an average of $63.83. All vital income for local merchants.

92 percent of respondents agreed that the activity or venue they were attending was “a source of neighborhood pride for the community.” 

91 percent said they would “feel a sense of loss if that activity or venue was no longer available.”

According to Patchogue Village Clerk Lori Devlin, “The Patchogue Theatre for the Performing Arts has sold 48,000 tickets in 2023; extrapolating that out, based on these figures, means that the theatre has had an economic impact of $1,790,880 on the downtown Patchogue economy.”

The full report, a map of the 373 study regions, and a two-page economic impact summary for each, can be found at AEP6.AmericansForTheArts.org. For more information, follow us @Americans4Arts.