The city of Tacoma is touting a new study that says the nonprofit arts and culture industry pumps $64.7 million annually into the Tacoma economy. And it supports 1,735 full-time equivalent jobs. The study also says $6.5 million in local and state government revenues is generated by the same industry.
This comes from the Arts & Economic Prosperity IV national economic impact study. The city says it’s “the most comprehensive economic impact study of the nonprofit arts and culture industry ever conducted in the United States.”
The study was conducted by Americans for the Arts, a nonprofit organization for advancing the arts and arts education.
Here’s more from the press release:
“The economic impact of the non-profit arts and culture sector to Tacoma is 63 percent higher than the median for similar sized study regions and 24 percent greater than the national median,” stated Tacoma Arts Administrator Amy McBride. “In tough times with limited resources, people are choosing to spend their discretionary dollars on arts and cultural activities.”
Attendees to events produced by these organizations reported spending an estimate of $30 million, excluding the cost of tickets. As a result of attending a cultural event, attendees often eat dinner in local restaurants, pay for parking, buy gifts and souvenirs, and pay a babysitter. What’s more, attendees from out of town often stay overnight in a local hotel. These events are a boon to local business.
“The degree to which we are leveraging our non-profit dollars with additional attendee expenditures illustrates the quality and diversity of our attractions. With such a broad array of experiences, Tacoma has proven its ability to draw audiences from beyond our immediate region” noted Tom Pierson, President and CEO, Tacoma-Pierce County Chamber of Commerce.