Economic Impact of the Arts in Maryland Fiscal Year 2012

Page 1

Economic Impact

Arts

of the in Maryland


Arts intersect with the economy at key leverage points, including employment, state and local tax revenue, visitor spending and more. Read the full report at msac.org.


Nonprofit Arts Organizations and their Audiences

An Economic Engine for Maryland

12,700 Full-time equivalent jobs

$427 Million in salaries

Total Economic Impact

$48 Million in state and local tax revenue

$1.07 billion

The total $1.07 billion economic impact of fiscal year 2012 Maryland State Arts Council grantees supports jobs and salaries and generates state and local tax revenue.


Maryland, jobs supported by the nonprofit Employment Impact Across arts sector pump $427 million back into communities through salaries earned.

3 1 Eastern (upper)

Western Maryland

$10.4

Capital

$12.7

2

5

$165.3

12,700

Central

$232.8

4 Southern

$2.2

Full-time Equivalent Jobs

6

^

Eastern (lower)

$3.2

$427

Every $1 of MSAC grantees’ operating budgets generates $3.60 in total economic activity.

million in salaries

$1

$1

$1

$1

.60


value and engage with the arts! And the Audience Impact Marylanders arts provide many opportunites for learning and cultural enrichment free of charge.

7.7 million people

{

attended arts venues, events, classes and workshops

Of this group

4.8

million attended free

$345 million in visitor spending was generated by arts audiences.

www.msac.org 410.767.6555 . MD Relay TTY: 1.800.735.2258 or 711


Maryland State Arts Council About Economic Impact of the Arts FY2012: Statistics for the study were drawn from 241 Maryland organizations that produce or present the arts around the state, and receive grants from the Maryland State Arts Council (MSAC) for ongoing

The Maryland State Arts Council is an agency of the Maryland Department of Business and Economic Development, Division of Tourism, Film and the Arts. 175 West Ostend Sreet, Suite E Baltimore, Maryland 21230 410-767-6555 voice | 1-800-735-2258 tty

www.msac.org | msac@msac.org Martin O’Malley, Governor | Anthony G. Brown, Lieutenant Governor

support of their operations and programs. The study was conducted by the Department of Business & Economic Development (DBED) utilizing Maryland Cultural Data Project data supplied by MSAC fiscal year 2012 grant recipients. The study does not include the economic impact of for-profit arts organizations and the activities of individual visual performing and literary artists. Individuals who do not use conventional print may contact the Maryland State Arts Council office to obtain this report in an alternate format.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.