$471.7 MILLION IN SPENDING GENERATED BY NEVADA’S ARTS NONPROFITS
NAC’s Interim Executive Director, Linda Ficklin discusses the economic impact of the arts in Nevada on KUNR Public Radio. Click here for interview.
Nevada’s nonprofit arts and culture industry generates $471.7 million in annual economic activity statewide – supporting 10,494 full-time equivalent jobs and generating $36.8 million in local and state government revenues, according to the Arts & Economic Prosperity 5 national economic impact study. The most comprehensive economic impact study of the nonprofit arts and culture industry ever conducted in the United States, Arts & Economic Prosperity 5 was led by Americans for the Arts in 341 study regions nationwide including Nevada and Reno.
Looking at the 2015 fiscal year numbers on a national level reveals a similar scenario, according to Robert L. Lynch, president and CEO of Americans for the Arts, “the nation’s arts and culture industry generated $27.5 billion in revenue to local, state, and federal governments — a return well beyond their collective $5 billion in government arts investment. I’d like to underscore that with current threats against nonprofit organizations, such as limiting the federal charitable tax deduction, this $27.5 billion in revenue back to governments shows that municipal, state, and federal arts support is not a one-way street.”
Nationwide, the study reveals that the nonprofit arts industry produces $166.3 billion in economic activity every year, supports 4.6 million full-time jobs and generates $49.4 billion in household income. To learn more visit: www.artsusa.org/EconomicImpact.
Use this data to build support for arts in your community: click here for ways to do it.