Released in June 2017, the Arts & Economic Prosperity 5 is report documents the economic impact of the nonprofit arts and cultural industry.Conducted by Americans for the Arts, the nation's nonprofit organization for advancing the arts in America, Broward County was one of 341 study regions across the country.Arts & Economic Prosperity 5 (AEP5)is the most comprehensive economic impact study of the nonprofit arts and culture industry ever conducted.
The Arts & Economic Prosperity 5 study provides compelling evidence that the nonprofit arts and culture sector is a $414.2 million industry in Broward County.
This industry supports 11,078 full-time equivalent jobs and generates $40.1 million in revenue for local and state government.
They spent 148m in 2015, leveraging $265.7m additional spending by their audiences; spending that pumped vital revenue into restaurants, hotels, retail stores, parking garages, and other local businesses.
“The data is
clear. The arts are not a charity; they are an industry.
While they support a quality of life that
we all know and appreciate; the arts are also a significant economic driver in
Director, Broward Cultural Division
Arts Means Business
The impact of spending by nonprofit arts and cultural organizations in Broward County is far reaching: they pay their employees, purchase supplies, and acquire assets within the local community.
Whether serving the local community or out-of-town visitors, a vibrant arts and culture industry helps local businesses thrive.
The impact of spending by nonprofit arts and cultural organizations is far reaching. 63% of nonresident survey respondents indicated that the primary purpose of their visit to Broward County was “specifically to attend this arts/cultural event.”