News

Arts and business news from around the country.

RSS

NEA Research on The Arts & Economic Growth

Posted by Stacy Lasner
0 Comments
NEA Research on The Arts & Economic Growth

Photo: National Endowment for the Arts.

 

Let's talk numbers. Not only are the arts a great way to engage employees and put your brand in the spotlight, but by partnering with arts organizations, your business is also helping to sustain a big contributor to the U.S. economy.

 

Arts and culture contributed $704.2 billion to the U.S. economy in 2013 (4.2% of GDP) according to new research from the National Endowment for the Arts (NEA) and the U.S. Bureau of Economic Analysis. This number represents a 32.5% growth in GDP contribution between 1998 and 2013.

 

The Arts and Cultural Production Satellite Account (ACPSA) is the first federal effort to provide in-depth analysis of the arts and cultural sector's contributions to the economy. In addition to the overall contribution numbers, ACPSA reveals that consumer spending on the performing arts grew 10 percent annually over the 15-year period.

 

“The new data shows that the production of performing arts services has grown at a faster clip than arts and cultural production in general, contributing $44.5 billion to the U.S. economy in 2013,” said NEA Chairman Jane Chu. “Notably, the ACPSA reveals that Americans are choosing to spend more on performing arts events such as concerts, plays, and dance performances. This tells us that the arts remain a valuable and desirable commodity for U.S. consumers, and that the arts are a strong contributor to America’s economic vitality.”

 

According to the NEA’s news announcement, some other key findings include:

 

Culture outpaces other sectors - Over the 15-year period (1998-2013), arts and cultural production grew by $165 billion or 32.5 percent. The annual growth rate for arts and culture as a whole (1.8 percent) was on par with that of the total U.S. economy (1.9 percent). But it grew faster than other sectors such as accommodation and food services (1.4 percent), retail trade (1.3 percent), and transportation and warehousing (1.1 percent).

 

Arts employment - In 2013, arts and cultural sector employed 4.7 million wage and salary workers, earning $339 billion. Industries employing the largest number of ACPSA workers include government (including school-based arts education), retail trade, broadcasting, motion picture industries, and publishing.

 

Learn more about the Arts and Cultural Production Satellite Account report and results.

 

Americans for the Arts also produces a number of annual publications, e-newsletters, and reports that provide a quantitative, measurable impact of the arts in America. For example, while most economic impact studies of the arts have focused on the nonprofit sector (such as our own Arts and Economic Prosperity studies), Americans for the Arts’ Creative Industries is the first national economic impact study that encompasses both the nonprofit andfor-profit arts industries. Reports for all 435 U.S. Congressional Districts, the 50 states and the District of Columbia, the 7,500 state legislative districts, and all 3,143 U.S. counties—as well as a full suite of user tools and a comprehensive list of the industries included—are available for download

 

Sign up for BCA Noteworthy, our monthly business and arts partnerships newsletter, to learn about new research and resources to help you build and promote your arts partnerships, and hear from other business leaders engaging with the arts.

Related
Comments
blog comments powered by Disqus

More News

Sherwin Williams Celebrates National Paint Week
Jun 03, 2019 0 Comments
Happy National Painting Week!   For the past 7 years, paint company Sherwin-Williams has celebrated a week of the transformational power of color. It is "a week dedicated to refreshing the places we live in, and a time when...
Go to full post
Using the Arts as a Model for Inclusion
May 22, 2019 0 Comments
Businesses should look towards models in the arts as inspiration for creating successful inclusive programs. In Quartz's article "Supporting Minority Women in the Workplace Means Tailoring Development Programs to their Needs...
Go to full post
Announcing our 2019 Arts and Business Partnership Awards Honorees!
May 03, 2019 0 Comments
The BCA 10 awards program launched 15 years ago and since that time more than 150 companies have been recognized for their support of the arts through the program. In 2019, the program’s 15th anniversary year, Americans for the...
Go to full post
More Workforce Millennials Means More Diversity (and Art!)
Apr 15, 2019 0 Comments
Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99;...
Go to full post
LG + Instagram Star Partner for “Experience Happiness Dance”
Apr 10, 2019 0 Comments
Dancing makes people happy. Its energy and endorphins have a way of embracing positivity. Or, if you’re Instagrammer Donté Colley, then dancing can quite literally support, highlight, or shimmy happiness, love, and gratitude...
Go to full post
Pabst Blue Ribbon Teams Up with Cey Adams
Apr 03, 2019 0 Comments
We love it when businesses create new holidays – particularly when these national days are in celebration of the arts! On May 7, Pabst Blue Ribbon and NYC artist Cey Adams will launch National Mural Day.   Adams, Founding Creative...
Go to full post
Diane Von Furstenberg Partners with Artist Ashley Longshore
Mar 15, 2019 0 Comments
With creativity being essential to fashion, it’s never any wonder that fashion and art worlds collide.   In celebration of Women’s History Month, Diane von Furstenberg partnered with artist Ashley Longshore to create an art...
Go to full post
Frieze Partners with Tishman Speyer at Rockefeller Center
Feb 15, 2019 0 Comments
Frieze Los Angeles may have opened today in Los Angeles. But this new announcement shows that things are starting to heat up in NYC ahead of Frieze New York.   Rockefeller Center Tishman Speyer and Frieze New York announced...
Go to full post
Annoucing our 2019 Judges!
Feb 06, 2019 0 Comments
We are excited to share this year's esteemed judges for the BCA 10 Awards: Best Businesses Partnering with the Arts in America. We are honored to have their expertise!     Toni Freeman The Arts and Science Council (ASC)...
Go to full post
How the Arts can Solve Top Concerns of CEOs
Feb 01, 2019 0 Comments
CNBC reported on The Conference Board’s latest study, C-Suite Challenge 2019™, which lists the top three internal concerns for CEOs as the following:   1.       Attracting and retaining top talent 2.       Creating new business...
Go to full post
Square Partners with Exit12 Dance Company
Jan 23, 2019 0 Comments
2018 David Rockefeller pARTnership Award winner Square released the next film in its remarkable series For Every Dream: Exit12: Moved by War.   The latest installment follows veteran and dancer Roman Baca and his company Exit12...
Go to full post
Checking in with Creativity
Jan 15, 2019 0 Comments
Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99;...
Go to full post
Vans Custom Culture Announces 2019 Shoe Customization Contest
Jan 02, 2019 0 Comments
Today, Vans Custom Culture announced the opening of the 2019 Vans Custom Culture Shoe Customization Contest. From January 2-January 31, art teachers and administrators register their high schools on the Vans Custom Culture website...
Go to full post
BCA 10 Nominations Now Open!
Dec 10, 2018 0 Comments
Every year, Americans for the Arts through its Business Committee for the Arts, honors the 10 best businesses partnering with the arts in America.   As today’s business landscape continues to shift, companies need talent that...
Go to full post

Already a partner?

Already a partner?

Learn easy ways to take your partnership to a new level.

Use our ads locally

Use our ads locally

View The pARTnership Movement ad campaign and find ways to use the ads.

pARTnership videos

pARTnership videos

Watch and share our videos from The pARTnership Movement.

Partnership ideas

Partnership ideas

Inspire employees with tickets to the ballet or a concert.

Are you an arts group?

Are you an arts group?

Get listed in our searchable directory.

Recruit talent

Recruit talent

Employees want to live and work in a vibrant community.