Nonprofit arts orgs contribute $1 billion to CT economy, report finds
A national arts advocacy organization, Americans for the Arts, found that spending by arts and cultural organizations in 2022 supported 2.6 million jobs nationwide, $152 billion in spending and $29 billion in income and sales tax revenue to local, state and federal governments.
The group’s latest report, “Arts & Economic Prosperity 6,” argues that “Nonprofit arts and cultural organizations are businesses,” contributing to local economies by creating jobs, purchasing goods and services from local businesses and promoting their local regions by drawing visitors and spending.
“It’s an appropriate question to ask: ‘What’s the ROI on that public investment?’” Cohen said during a presentation of the report’s findings Thursday.
“Everybody gets, ‘Yeah, it provides cultural benefits.’ But now we can also start to see in the data that it provides social and economic benefits as well,” he said.
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Published October 16, 2023
By Erica E. Phillips