arts & economic prosperity iv - montgomery county data
DESCRIPTION
The Montgomery County Arts & Economic Prosperity IV (AEP IV) study documents the key role played by the nonprofit arts and culture industry, and their audiences, in strengthening County's economy. Data from this study was released at the Montgomery County AEP IV Summit on September 19, 2012. Learn more at http://creativemoco.com/aep4!TRANSCRIPT
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Most Comprehensive Study Ever All 50 States—Including Montgomery County!
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Organiza=ons & Audiences Spent
$151 Million
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Jobs Supported (FTE)
2,955
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Local & State Government Revenue
$10.3 Million
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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
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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.”
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Arts Volunteerism
Ø 11,624 volunteers
Ø 521,000 hours
Ø $11.1 million value (2010 volunteer hour = $21.36)
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Na=onal AEP4 Research Partners
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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
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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
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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.”
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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
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The Arts Mean Business!
www.AmericansForTheArts.org/EconomicImpact
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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