Arts & Economic Prosperity IV - Montgomery County Data

Post on 19-May-2015

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The Montgomery County Arts & Economic Prosperity IV (AEP IV) study documents the key role played by the nonprofit arts and culture industry, and their audiences, in strengthening County's economy. Data from this study was released at the Montgomery County AEP IV Summit on September 19, 2012. Learn more at http://creativemoco.com/aep4!

Transcript of Arts & Economic Prosperity IV - Montgomery County Data

Most  Comprehensive  Study  Ever  All  50  States—Including  Montgomery  County!  

       

Organiza=ons  &  Audiences  Spent    

$151  Million        

     

Jobs  Supported  (FTE)    

2,955    

       

Local  &  State  Government  Revenue    

$10.3  Million        

APendees  Spent    $21.62  Per  Person,  Per  Event  

Meals & Snacks $13.22

Souvenir/Gifts $1.02 Transportation

$1.43

Lodging $4.72 Other

$1.23

Event-­‐Related  Spending  Local  vs.  Nonlocal  Audiences  

Local Non-Local

$15.51$30.14

77  percent  of  nonlocal  a-endees  said:  “this  arts  event  is  their  primary  purpose  for  their  trip.”  

Arts  Volunteerism  

Ø 11,624  volunteers  

Ø 521,000  hours    

Ø $11.1  million  value          (2010  volunteer  hour  =  $21.36)  

Na=onal  AEP4  Research  Partners  

How  MoCo  Stacks  Up!  Organizational

Expenditures Audience

Expenditures

Total Industry

Expenditures District of Columbia $688,101,361 $394,790,447 $1,082,891,808

Montgomery County, MD $76,727,887 $74,321,520 $151,049,407

Arlington County, VA $90,053,057 $7,324,424 $97,377,481

City of Alexandria, VA $26,075,019 $44,580,402 $70,655,421

Fairfax County VA $49,253,685 $30,066,316 $79,320,001

Prince George’s County, MD $16,322,724 $12,639,245 $28,961,969

Greater Washington DC Region $946,533,733 $563,722,354 $1,510,256,087

Smithsonian Institution (estimated) $1,093,408,454 $984,668,584 $2,078,077,038

Greater DC (including Smithsonian) $2,039,942,187 $1,548,390,938 $3,588,333,125

Arts  &  Economic  Prosperity  IV  

1.   $151  million  industry  

2.   2,955  FTE  jobs  3.   $10.3  million  in  government  revenue  

4.   APendees  spend  $21.62  per  person  (beyond  admission)  

5.   #2  in  Region  &  resilient  in  tough  economic  =mes  

Arts Creativity Innovation

Ready to Innovate Conclusion: “…it is clear that the arts—music, creative writing,

drawing, dance—provide skills sought by employers of the third millennium.”

Crea=ve  Montgomery  County  3,977  Arts-­‐Related  Business  Employ  14,029  People    

5.5%  of  78,181  businesses  2.2%  of  637,531  employees  

 The  Arts  Mean  Business!

www.AmericansForTheArts.org/EconomicImpact  

Arts  and  the  “Great  Recession”  Changes  between  2005  and  2010  

Unemployment  5.1%  to  9.7%  

Consumer  Confidence  101  to  54  

Home  Foreclosures  Tripled:    

885,000  to  2.9  million  

Spending  on  recreaRon,  entertainment,  shopping:  

$192  to  $164  billion  

Jobs  in  tourism,  food  &  beverage  

Live  a-endance:  sports  and  arts