Supporting public art and a vibrant cultural community beautifies
and animates cities, provides employment, attracts residents and
tourists, complements adjacent businesses, enhances property
values, expands the tax base, attracts educated employees, and
contributes to a culturally diverse, creative and innovative
environment. Community support through corporate sponsorship,
government assistance and private contributions allow the Downtown
Arts District to provide promotional and financial assistance to
art and cultural venues and events enhancing Downtown’s uniqueness
as a destination for local residents and cultural tourism. The arts
and cultural communities that encompass the Downtown Arts District
enrich our community in many ways—by greatly improving the quality
of life, strongly impacting economic development, deepening our
understanding of cultural diversity, and providing healing in times
of great stress and hardship. The arts also create a healthier
corporate climate, and play a key role in workforce development and
employee attraction and retention.
Economic Development
Did you know that the arts encompass an industry that stimulates
the economy in communities across the country? The Arts &
Economic Prosperity III study prepared for Americans for the Arts,
reports that nationally, nonprofit arts organizations and their
audiences generate $166.2 billion in economic activity, support 5.7
million jobs, and return nearly $30 billion in government revenue
every year. The study also reveals that for every $1 billion in
spending by these groups and their audiences, results in almost
70,000 full-time-equivalent jobs.
Arts and cultural nonprofits are also a significant industry in the
Central Florida Region—one that generates $165.31 million in local
economic activity. This spending–$77.63 million by nonprofit arts
and culture organizations and an additional $87.68 million in event
related spending by their audiences—supports 5,661 full-time
equivalent jobs, generates $111.72 million in household income to
local residents, and delivers $20.69 million in local and state
government revenue.
This research sends a strong signal that when we support the arts,
we not only enhance our quality of life, but we also invest in the
Central Florida Region’s economic well-being.
Additional information is available via email
slarimer@dadorlando.com.