Thursday, April 23, 2015

WHAT IS THE ECONOMIC VALUE OF THE ARTS?

Yes, we are shameless supporters of the arts. Here’s why:

Some food for thought: The arts contribute $698 Billion to the U.S. economy. We turn to the arts to inspire us, to nurture our young people, we turn to the arts in times of crisis and in times of joy. The arts create create conversation—around poverty, around disease, around justice. And—AND! advanced economies depend on growth. The arts help the creative economy grow.

These are big numbers. Real impact. Next time you wonder about the "importance of the arts," consider the bigger picture. We should have theaters, galleries, concert halls, film houses in every neighborhood. It's the wise thing to do—for our country’s future, our economy, and the future of our children.

From the Arts and Cultural Production Satellite Account, National Endowment for the Arts, and US Bureau of Economic Analysis.