Arts Mean Business

The arts fill our senses while fueling the economy. The nonprofit arts and culture sector in the state of Connecticut is a $797 million industry! This is according to the newly published Arts & Economic Prosperity V Study from the Americans for the Arts, based on fiscal year 2015. These organizations spend $515 million annually, leveraging almost $282 million in additional spending by audiences – spending that pumps vital revenue into local businesses like restaurants, hotels, retail stores, parking garages and more.

Connecticut’s nonprofit arts and culture industry supports over 23,000 full-time equivalent jobs, according to the study, and generates over $72 million in revenue to local and state government. A vibrant arts community not only keeps residents and their discretionary spending closer to home, it also attracts visitors who spend money and help local businesses thrive. The arts are good for Connecticut’s economy!

 

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