Arts & Economic Prosperity 5
The Arts Mean Business: Greater Worcester's Nonprofit Arts and Culture Industry Generates $125.7 Million in Economic Activity and Supports 4,062 Jobs Annually According to Americans for the Arts
Arts Industry Returns $125.7 Million in Revenue to Local and State Coffers
The nonprofit arts and culture industry generates $125.7 million in annual economic activity in Greater Worcester - supporting 4,062 full-time equivalent jobs and generating $9.9million 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 conducted by Americans for the Arts, the nation’s leading nonprofit organization for advancing the arts and arts education.
The Economic Impact of the Nonprofit Arts and Culture Industry in the City of Worcester
Arts & Economic Prosperity 5 provides evidence that the nonprofit arts and culture sector is a significant industry in the City of Worcester - one that generates $125.7 million in total economic activity. This spending - $64.5 million by nonprofit arts and cultural organizations and an additional $61.2 million in event-related spending by their audiences - supports 4,062 full-time equivalent jobs, generates $72.8 million in household income to local residents, and delivers $9.9 million in local and state government revenue. This economic impact study sends a strong signal that when we support the arts, we not only enhance our quality of life, but we also invest in the City of Worcester's economic well-being.