Download - Arts & Economic Prosperity IV - Montgomery County Data

Transcript
Page 1: Arts & Economic Prosperity IV - Montgomery County Data
Page 2: Arts & Economic Prosperity IV - Montgomery County Data

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

Page 3: Arts & Economic Prosperity IV - Montgomery County Data

       

Organiza=ons  &  Audiences  Spent    

$151  Million        

Page 4: Arts & Economic Prosperity IV - Montgomery County Data

     

Jobs  Supported  (FTE)    

2,955    

Page 5: Arts & Economic Prosperity IV - Montgomery County Data

       

Local  &  State  Government  Revenue    

$10.3  Million        

Page 6: Arts & Economic Prosperity IV - Montgomery County Data

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

Page 7: Arts & Economic Prosperity IV - Montgomery County Data

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.”  

Page 8: Arts & Economic Prosperity IV - Montgomery County Data

Arts  Volunteerism  

Ø 11,624  volunteers  

Ø 521,000  hours    

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

Page 9: Arts & Economic Prosperity IV - Montgomery County Data

Na=onal  AEP4  Research  Partners  

Page 10: Arts & Economic Prosperity IV - Montgomery County Data

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

Page 11: Arts & Economic Prosperity IV - Montgomery County Data

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  

Page 12: Arts & Economic Prosperity IV - Montgomery County Data
Page 13: Arts & Economic Prosperity IV - Montgomery County Data

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.”

Page 14: Arts & Economic Prosperity IV - Montgomery County Data

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  

Page 15: Arts & Economic Prosperity IV - Montgomery County Data

 The  Arts  Mean  Business!

www.AmericansForTheArts.org/EconomicImpact  

Page 16: Arts & Economic Prosperity IV - Montgomery County Data

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