A4 the arts mean business
“Promoting economic growth is one of the cornerstones of my administration and the arts play a key role in our local economy. Music, theater, film, museums, dance, sculpture – you name it, we have it. That’s why people want to visit, work and live in Westchester.”
– Robert P. Astorino, Westchester County Executive
The Arts Sector in Westchester is a Growth Industry
A recent study by Americans for the Arts, Arts & Economic Prosperity IV, provides compelling new evidence that the nonprofi t arts and culture sector is a signifi cant industry in Westchester County – one that generates $156.44 million in total economic activity. This spending – $96.8 million by nonprofi t arts and culture organizations and an additional $59.6 million in event-related spending by their audiences – supports 4,800 full-time equivalent jobs, generates $114.7 million in household income to local residents, and delivers $23.17 million in state and local government revenue. This economic impact study sends a strong signal that when we support the arts, we not only enhance our quality of life, but we also invest in Westchester County’s economic well-being. According to Robert Lynch, President of Americans for the Arts: “The fi ndings from Arts & Economic Prosperity IV send a clear and welcome message: leaders who care about community and economic vitality can feel good about choosing to invest in the arts.”
The Arts Boost Local Revenue
“Understanding and acknowledging the incredible economic impact of the nonprofit arts and culture, we must always remember their fundamental value. They foster beauty, creativity, originality, and vitality. The arts inspire us, sooth us, provoke us, involve us, and connect us. But they also create jobs and contribute to the economy.”
– Robert L. Lynch, President and CEO of Americans for the Arts
Over the past 20 years, ArtsWestchester has been tracking the growth of the nonprofi t arts industry in Westchester County. The most recent report shows that nonprofi t arts and culture organizations spent $96.8 million in 2010, leveraging a remarkable $59.6 million in additional spending by arts and culture audiences. This additional spending by arts audiences pumps vital revenue into local restaurants, hotels, retail stores, parking garages, and other businesses.
$156,441,002 Spending by
Arts Organizations Arts Audiences
$92,800,000 $47,856,516 $37,000,000 $54,182,952 $29,182,162 $55,444,112 $25,000,790 1995 20 00 20 50 2010 $72,019,403 $96,846,062 $119,875,919 $59,594,940
Westchester County Business Journal • ARTSWNEWS
AUGUST 2012
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