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Jun 08, 2012
Americans for the Arts released Arts & Economic Prosperity IV on June 8th at the opening keynote session at the Americans for the Arts Annual Convention in San Antonio, TX. According to Americans for the Arts president and CEO Robert L. Lynch, "[the report] reveals the vital role played by the nonprofit arts and culture industry in strengthening the nation's economy. This study proves that the arts are a key component of our nation's economic recovery and future prosperity and an industry that supports jobs, generates significant government revenue, and sustains local businesses."
Based on data from 9,721 arts and culture organizations representing all fifty states, Arts & Economic Prosperity IV found that in 2010, the year the study was conducted, the arts and culture sector generated $135.2 billion in economic activity, including $61.1 billion in spending by nonprofit organizations (3 percent less than in the pre-recession year of 2005) and $74.1 billion in spending by arts audiences. In addition, the sector helped support 4.1 million full-time jobs and generated $22.3 billion in revenues for local, state, and federal governments, or five times as much as their collective appropriations.
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