Economic Impact of the Arts in Michigan
The arts enrich our lives, but they also have a positive effect on the economic health of Michigan’s communities. Based upon a recent study commissioned by the Michigan Nonprofit Research Program (MNRP) and conducted by the W. E. Upjohn Institute for Employment Research entitled, Economic Benefits of Michigan’s Art and Cultural Activities, did you know that:
For more information about the MNRP, or this study, please click here.
Economic Impact of the Arts – National Studies
Americans for the Arts recently released Arts & Economic Prosperity III: The Economic Impact of Nonprofit Arts and Culture Organizations and Their Audiences. Nationally, the nonprofit arts and culture industry generates $166.2 billion in economic activity every year—$63.1 billion in spending by organizations and an additional $103.1 billion in event-related spending by their audiences. The $166.2 billion in total economic activity has a significant national impact, generating the following:
Click here to learn more about the study. Click here to estimate your own economic impact using the Americans for the Arts’ Arts & Economic Prosperity III Calculator
Investing in Creativity: A Study of the Support Structure for U.S. Artists
The nonpartisan Urban Institute recently published a report on the state of the arts and artists in the U.S. The report contains extremely relevant insights on the problems facing artists today. To read or download the report and to learn more about the Urban Institute, please click here.