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The Baltimore Office of Promotion & The Arts announces that the Americans for the Arts has officially released the study Arts & Economic Prosperity 5: The Economic Impact of Nonprofit Arts & Cultural Organizations & Their Audiences in the City of Baltimore. The report states that the city’s nonprofit arts and culture sector is a $606 million industry supporting more than 15,000 full-time jobs and generating $54.5 million in local and state revenue. Also, it emphasizes that the arts are an investment that delivers both community well-being and economic vitality.
The Arts & Economic Prosperity 5 study was conducted by Americans for the Arts to document the economic impact of the nonprofit arts and culture industry in 341 communities and regions (113 cities, 115 counties, 81 multicity or multicounty regions, 10 states, and 12 individual arts districts)—representing all 50 U.S. states and the District of Columbia. Americans for the Arts partnered with 250 local, regional, and statewide organizations that represent the 341 study regions (30 partners included multiple study regions as part of their participation). To complete this customized analysis for the City of Baltimore, the Baltimore Office of Promotion & the Arts joined the study as one of the 250 partners.
The complete report can be downloaded here.
For more information, visit www.artsusa.org/EconomicImpact.
Nonprofit Arts & Cultural Organizations Economic Impact Report