Montgomery County Findings

Economic Impact of Montgomery County Nonprofit Arts & Culture Industry

$151 Million Annual Expenditures (2010)

Arts & Culture Organizations $76.7 Million

Arts & Culture Audiences $74.3 Million

Local & State Government Revenue $10.2 Million

Event-Related Expenditures $74.3 Million

Full-Time Equivalent Jobs 2,955

Montgomery CountyNonprofit Arts & Culture Industry

Organizations $76.7 Million

Audiences $74.3 Million

Total$151 Million

Supports 2,955 FTE jobs

Generates $10.2 million in government revenue

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

Unemployment5.1% to 9.7%

Consumer Confidence101 to 54

Home Foreclosures Tripled:

885,000 to 2.9 million

Spending on recreation, entertainment, shopping:

$192 to $164 billion

Live attendance: arts and sports

Jobs in tourism, food & beverage

Arts Volunteerism

• 11,642 arts volunteers donated 520,755 hours for a $11 million value

• Value of 2010 volunteer hour = $21.36

Arts & Economic Prosperity IV5 Take-Aways

1. $151 million industry

2. Supports 2,955 jobs

3. Generates $10.2 million in government revenue

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

5. Resilient in tough economic times

Attendance at Cultural Events

Jumps 85%!Attendance 2005 1.9 Million Attendance 2010 3.4 Million

The Arts Mean Business!

www.Creativemoco.com/aep4

Montgomery County Attendees Spent $21.62 Per Person, Per Event

Meals & Snacks $13.22

Souvenir/Gifts $1.02

Transportation $1.43

Lodging$4.72

Other$1.23

Montgomery County Attendees Spent $74.3 Million

Meals & Snacks $45.4 million

Souvenir/Gifts $3.5 million

Transportation $4.9 million

Lodging$16.2 million

Other$1.2 million

Montgomery County Surges in Economic Impact

Spen

ding by O

rganiza

tions

Spen

ding by A

udiences

Total

Impact

Even

t-Rela

ted Sp

ending

State

& Local

Govern

ment R

even

ue $-

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00

$140.00

$160.00

20052010