Arts & Economic Prosperity 5 provides evidence that the nonprofit arts and culture sector is a significant industry in Buchanan County—one that generates $21.1 million in total economic activity. This spending—$10.1 million by nonprofit arts and cultural organizations and an additional $11 million in event-related spending by their audiences—supports 869 full-time equivalent jobs, generates $17.2 million in household income to local residents, and delivers $1.7 million in local and state government revenue. This economic impact study sends a strong signal that when we support the arts, we not only enhance our quality of life, but we also invest in Buchanan County’s economic well-being.
Total Economic Impact of Spending by Nonprofit Arts and Cultural AUDIENCES in Buchanan County(excluding the cost of event admission1) | |||
Buchanan County | Median of Similar Study Regions Pop. 50,000 to 99,999 | National Median | |
Total Audience Expenditures | $10,978,269 | $10,546,708 | $18,871,511 |
Full-Time Equivalent Jobs | 353 | 222 | 430 |
Resident Household Income | $7,635,000 | $4,413,000 | $8,402,500 |
Local Government Revenue | $486,000 | $432,000 | $898,000 |
State Government Revenue | $522,000 | $565,000 | $1,007,500 |