Providence, RI- Mayor Jorge Elorza and the Department of
Art, Culture + Tourism announced today that the city’s nonprofit arts and
culture industry generates $205,780,766 in annual economic activity in
Providence, supporting 5,115 full-time equivalent jobs and generating
$20,934,000 in local and state government revenue, according to the Arts &
Economic Prosperity 5 national economic impact study.
“In Providence, the immense impact of the creative economy
is clear. Arts activity creates and sustains jobs for our residents, generates
millions in revenue, and makes us a destination for tourists,” said Providence
Mayor Jorge O. Elorza. “As the Creative Capital, the arts help us attract and
retain businesses and have revitalized our neighborhoods.”
Arts & Economic Prosperity 5, the most comprehensive
economic impact study of the nonprofit arts and culture industry conducted in
the United States, was administered by Americans for the Arts, the nation’s
leading nonprofit organization for advancing the arts and arts education. It
was also supported by The Ruth Lilly Fund of Americans for the Arts.
Results show that nonprofit arts and culture organizations
spent $93,832,555 during fiscal year 2015 on a wide range of expenditures
including employee wages and salaries, supplies, contracted services and
assets. Those dollars generated $121,255,000 in household income for local
residents and $20,934,000 in local and state government revenue.
“The benefits of Providence’s vibrant arts community ripple
throughout our local economy,” said Stephanie Fortunato, Director of
Providence’s Department of Art, Culture + Tourism. “The diverse cultural and
artistic experiences stewarded by our nonprofit cultural organizations create
jobs, opportunities for visitors and locals alike to spend time here, and are
critical to our city’s vitality.”
In addition to spending by organizations, the nonprofit arts
and culture industry leverages $111,948,211 in event-related spending by
audiences. These expenses include restaurant patronage, parking and souvenirs,
“This study demonstrates that the arts are an economic and
employment powerhouse both locally and across the nation,” said Robert L.
Lynch, president and CEO of Americans for the Arts. “A vibrant arts and culture
industry helps local businesses thrive and helps local communities become
stronger and healthier places to live. Leaders who care about community and
economic vitality can feel good about choosing to invest in the arts.
Nationally as well as locally, the arts mean business.”
The City of Providence was one of 341 study regions to
participate in the study. This is the third time the Department of Art, Culture
+ Tourism has partnered with the Americans for the Arts to administer this
research study locally. Americans for the Arts’ local, regional, and statewide
project partners contributed both time and financial support to the study.
Financial information from organizations was collected in partnership with
DataArts™, using a new online survey interface. A full list of participating
communities in the study can be found at www.AmericansForTheArts.org/AEP5Partners.
The Department of Art, Culture + Tourism ensures the
continued development of a vibrant and creative city by integrating arts and
culture into community life while showcasing Providence as an international
cultural destination. The Department undertakes research in order to inform
policy decisions, strategic collaborations, community investments, and
initiatives that will amplify the presence of arts, culture and creativity.
Arts & Economic Prosperity 5: The Economic Impact of Nonprofit Arts and
Cultural Organizations & Their Audiences in the City of Providence, RI is
available at http://artculturetourism.com/arts-economic-prosperity-5-study/.