Miami-Dade County Department of Cultural Affairs recently completed an important study that provides compelling new evidence that nonprofit arts and culture are a significant industry in Miami-Dade County--one that generates $922.01 million in local economic activity. This spending–$420.1 million by nonprofit arts and culture organizations and an additional $501.91 million in event-related spending by their audiences—supports 22,895 full-time equivalent jobs, generates $648.66 million in household income to local residents, and delivers $103.03 million in local and state government revenue.
The study was conducted by Americans for the Arts, the nation’s leading nonprofit organization for advancing the arts in America, in tandem with 155 other regions across the United States. The study focused on two areas: (1) the economic impact of spending by the cultural organizations, and (2) the impact of event-related spending by these organizations’ audiences.
Expenditures by nonprofit arts, humanities, heritage and cultural organizations provide a significant impact on our local and state economies. They are employers, producers, consumers and key members in marketing our city and state. Spending by these organizations is far reaching: they pay their employees, purchase supplies, contract for services, and acquire assets. These actions, in turn, support local jobs, create household income and generate revenue for our local and state governments. Arts, humanities, heritage and cultural organizations – unlike most industries – leverage significant amounts of event-related spending by their audiences. Attendance generates related commerce for hotels, restaurants, parking garages and more. Our study will provide the economic impact of event-related spending by these audiences on jobs, personal income and local and state government revenue.
Final reports for Miami-Dade County will be available when our study is published later this year. If you have any questions, please contact Project Administrator, Kelly Allocco at kellya@miamidade.gov or 305-375-4636.