The Greater Hartford Arts Council announced its study of the economic impact of the not-for-profit arts and culture industry in the region, reporting that the arts/culture industry generated $230.4 million in annual economic activity — supporting 6,879 full-time equivalent jobs and creating $21.4 million in local and state government revenues.
The data came from the Arts & Economic Prosperity IV national economic impact study, conducted by Americans for the Arts, the nation’s leading arts advocacy and service organization, and commissioned by the council.
The council, in partnership with the MetroHartford Alliance, will present the study’s findings at a Rising Star Breakfast on Tuesday, Nov. 27, from 7:30 to-9 a.m. at the Bushnell Center for the Performing Arts in Hartford.
Randy I. Cohen, vice president of research and policy at Americans for the Arts, will review the study and lead the discussion.
Also on hand will be Catherine Smith, commission of the Connecticut Department of Economic & Community Development; Thomas E. Deller, director of Hartford’s development services and Michael Stotts, managing director of Hartford Stage.
The study shows that not-for-profit arts and culture organizations spent $148.4 million during fiscal year 2010. Those dollars, in turn, generated $190.2 million in household income for local residents and $21.4 million in local and state government revenues.
Arts audiences totaling almost 5 million represent an additional $82 million in event-related spending, an average of $20.35 per person per event.Copyright © 2014, Los Angeles Times