The most comprehensive economic impact study of the nonprofit arts and culture industry ever conducted in the United States, Arts & Economic Prosperity IV. The study was announced by Americans for the Arts, the nation’s leading nonprofit organization for advancing the arts and arts education. Miami-Dade County’s Department of Cultural Affairs participated in tandem with 181 other communities and regions across the country representing all 50 states, focusing on two areas: (1) the economic impact of spending by cultural organizations, and (2) the impact of event-related spending by these organizations’ audiences. To view the full study, click here.
Miami-Dade County’s nonprofit arts and cultural organizations represent a significant business industry in Miami-Dade County--one that generates almost $1.1 billion in local economic activity, an almost 17% increase over the last study released five years ago. This spending–$673.95 million by nonprofit arts and cultural organizations and an additional $402.2 million in event-related spending by their audiences—supports 29,792 full-time equivalent jobs. Attendance at cultural events also shows an increasing trend, demonstrating that Miami-Dade’s audiences are growing, representing over 13.5 million cultural attendees annually as compared to 12.7 million 5 years ago when the last study was conducted. These results put Miami-Dade County among the top tier of comparable metropolitan areas and demonstrate how the arts are effective catalysts for strengthening the economy and making Miami-Dade County more competitive nationally for business, tourism and the arts.
Click below to see the economic impact of the arts in Miami-Dade County, highlight and a summary of the full study: