Monday, June 25, 2012

Update: COPPeR to discuss arts and economics

Posted By on Mon, Jun 25, 2012 at 10:41 AM

McGrath says the briefing will now be held Tues., July 17 from 8-10 a.m., with the presentation starting at 8:30 a.m.

——- UPDATED POST, MONDAY, 9:42 A.M. ——-

COPPeR's briefing has been postponed due to the Waldo Canyon Fire, says executive director Christina McGrath. It will be rescheduled for sometime in July.

——- ORIGINAL POST, FRIDAY, 2:45 P.M. ——-

Arts endeavors in the Pikes Peak region generate more than 2,000 jobs for the local economy and $72 million in direct economic activity, according to the newly released Arts & Economic Prosperity IV.

The study is a detailed, national analysis of how the arts impact the financial health of 182 communities across the U.S., the Pikes Peak region being one (thanks to the Cultural Office of the Pikes Peak Region). A project of Americans for the Arts, AEP IV calculates attendance, dollars spent, jobs supported and tax revenues produced by arts organizations and uses those to estimate the nation overall. A nifty AEP IV Calculator online allows interested parties to estimate their own arts economic impact.

Happily, the arts are "resilient" in an otherwise down economy, writes Robert L. Lynch, president and CEO of Americans for the Arts on the Huffington Post.

Of the $135.2 billion of economic activity generated by America's arts industry, $61.1 billion comes from the nation's nonprofit arts and culture organizations and $74.1 billion from event-related expenditures by their audiences. This economic activity supports 4.1 million full-time jobs and produces $22.3 billion in revenue to local, state, and federal governments every year — a yield well beyond their collective $4 billion in arts allocations.

These numbers are remarkable, especially considering the economic climate in 2010, when the study was conducted. Unemployment was at 9.7 percent in 2010 — more than double the rate from when "Arts & Economic Prosperity III" was conducted in 2005.

Economic_20Impact.jpeg
  • Arts & Economic Prosperity IV

You can see summary data specific to our region here. However, to get a more contextualized reading, attend COPPeR's briefing of the report from 8 to 10 a.m., next Tuesday, June 26, at the Mining Exchange, A Wyndham Grand Hotel. RSVP at rsvp@coppercolo.org or 634-2204.

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