Economic Impact of the Arts in Albuquerque: The Impact of Albuquerque's Nonprofit and For-Profit Arts Organizations
GENERAL
This document is the first of two components of Economic Impact of the Arts in Albuquerque, a study that analyzes the economic impact of the city of Albuquerque's arts industry during 1996. This comprehensive report brings compelling evidence that the arts are indeed an industry - one that stimulates the local economy by supporting local jobs, providing income to local residents, and generating government income. This first report provides a detailed look at the impact of Albuquerque's nonprofit and for-profit arts organizations on the city's local economy.
Economic impact of Albuquerque's arts organizations and audiences:
Total economic activity:
Expenditures by nonprofit arts organizations: $16.2 million.
Expenditures by for-profit arts organizations: $4.3 million.
Expenditures by arts audiences: $91.7 million.
Total expenditures: $112.3 million.
Economic impact:
Full-time equivalent jobs: 3,218.
Resident income (wages, salaries, proprietary): $70.0 million.
Local government revenue: $2.9 million.
State government revenue: $8.3 million.
CONTENTS
Introduction: The Arts Mean Business.
Executive Summary.
Total Albuquerque arts industry.
Economic impact of arts organizations.
Economic impact per $100,000 of local spending.
Economic impact comparisons.
Arts volunteerism: An economic impact beyond dollars.
Conclusion.
About this study (Methodology).
Questions and answers.
Explanations of frequently used terms.
In appreciation.
Appendix A: Survey of arts organizations.
