Arts & Economic Prosperity ® 5


Arts & Economic Prosperity® 5 is a study conducted by the Americans for the Arts that focuses on the nonprofit arts and culture industry’s impact on the economy. It documents the economic contributions of the arts in 341 diverse communities and regions across the country, representing all 50 states and the District of Columbia. Nationally, the Arts & Economic Prosperity 5® shows that the nonprofit arts industry produces $166.3 billion in economic activity annually, bringing in $27.5 billion in total government revenues. 4.6 million full-time equivalent jobs are supported by the nonprofit arts industry which produces $96.07 billion in household income for these employees.

A STUDY OF THE ARTS IN FORT WORTH

This year the Arts Council of Fort Worth has partnered with Americans for the Arts’ to participate in the Arts & Economic Prosperity 5® study. What does this study reveal about Fort Worth? Our current findings demonstrate how the arts have fared during a robust period of economic recovery and growth. The results are impressive!

ART MEANS BUSINESS

The nonprofit arts and culture sector is a $450.6 million industry in Fort Worth. This spending—$256 million by nonprofit arts and cultural organizations and an additional $194.7 million in event-related spending by their audiences—supports 14,480 full-time equivalent jobs and generates $27.5 billion in local and state government revenue.

ART HAS A BIG AUDIENCE

Fort Worth’s cultural events draw in a big audience of both locals and nonresidents. In this city, attendees to cultural events spend an average of $36.26 per person, per event as a result of their attendance, excluding the cost of admission. It’s known that patrons attending cultural events spend money through meals, gifts, lodging and transportation. Fort Worth businesses that cater to cultural audiences profit from the rewards of this economic activity.

Fort Worth’s arts events bring in the economic benefits cultural tourism. Non-resident attendees spend more per person than local attendees ($55.78 vs. $25.35) as a direct result of their attendance to cultural events. As would be expected from a traveler, higher spending was typically found in the categories of lodging, meals, and transportation. When a community attracts cultural tourists, it harnesses significant economic rewards.

ART HAS IMPORTANCE

This study shows that nonprofit arts and culture sector in Fort Worth brings a significant cultural and economic benefit back to the city. The Arts Council is proud to announce that our local arts organizations and events all contribute to an industry that brings in out of city tourism, funds local art jobs, and creates local and state government revenue.

 

MEET OUR STUDY PARTNER

“Our Arts & Economic Prosperity series demonstrates that the arts are an economic and employment powerhouse both locally and across the nation…leaders who care about community and economic vitality can feel good about choosing to invest in the arts. Nationally as well as locally, the arts mean business.” –Robert L. Lynch, president and CEO of Americans for the Arts

Americans for the Arts (AFTA) is the nation’s leading nonprofit organization for advancing the arts in America. AFTA has conducted similar economic impact studies in more than 400 U.S. communities since 1994 and their data is consistently used to advocate for federal arts support on the floor of the U.S. House of Representatives. For more information about American’s for the Arts, visit their website here.

STUDY HISTORY

In 2012, the Arts Council of Fort Worth released the results of Arts & Economic Prosperity ® 4, detailing the economic impact of the arts in Fort Worth between 2010 and 2011. Through the assistance of Fort Worth’s local arts groups and Americans for the Arts, study findings were able to show that the nonprofit arts industry in Fort Worth annually generates $84 million in economic activity and supports 3,011 full-time equivalent jobs. The $84 million figure included $39.2 million contributed by spending of arts and culture organizations and $45.3 million in event-related spending by their audiences.

Figures from Fort Worth’s participation in Arts & Economic Prosperity® 4 were based on data from 2010-2011, near the end of the Great Recession. The combined results of this study were pivotal in expressing the value of the arts to leadership at the City of Fort Worth during impending budget cuts to local funding for the arts and in restoring funding to pre-recession levels. Our current study will demonstrate how the arts have fared during a robust period of economic recovery and growth. We can’t wait to see the results! (A copy of the previous study results can be viewed here.)

The City of Fort Worth’s Participating Nonprofit Arts and Cultural Organizations

This study could not have been completed without the cooperation of the 74 nonprofit arts and cultural organizations in the City of Fort Worth, listed below, that provided detailed financial and event attendance information about their organization.

Allegro Guitar Society; Amon Carter Museum of American Art; Amphibian Stage Productions; Art Galleries at TCU; Art Station ; Artes de la Rosa; Arts Council Of Fort Worth & Tarrant County (Arts Council Of Fort Worth + Fort Worth Public Art); Arts On Tap, Dba, Arts Fifth Avenue; Ballet Concerto; Ballet Frontier of Texas; Botanical Research Institute of Texas (BRIT); C.R. Smith Museum; Casa Manana; Cattle Raisers Museum; Chamber Music Society Of Fort Worth Inc; Christian Arts Commission of Fort Worth ; Circle Theatre; Contemporary Dance/Fort Worth; Council of the Magikal Arts ; Covenant Classical School; Fort Worth Art Association; Fort Worth Bike Sharing; Fort Worth Botanic Garden; Fort Worth Classic Guitar Society; Fort Worth Community Arts Center; Fort Worth Modern Art Museum; Fort Worth Modern Art Museum Association; Fort Worth Museum of Science and History; Fort Worth Opera; Fort Worth Public Library Foundation; Fort Worth Symphony Orchestra Association Inc; Fort Worth Youth Orchestra; Fort Worth Zoo; Greater Fort Worth Community Band; Hall Ensemble; Hip Pocket Theatre; Hispanic Women’s Network of Texas, Fort Worth Chapter; Historic Fort Worth; Imagination Fort Worth; Jubliee Players Inc (Dba, Jubilee Theatre); Judah Worship & Fine Arts School; KIDLINKS; Kids Who Care; Kimbell Art Museum; Kinderplatz of Fine Arts; Latin Arts Association of Fort Worth; Log Cabin Heritage Center; Log Cabin Heritage Foundation; Lone Star Film Society; Performing Arts Fort Worth; PianoTexas International Academy and Festival; Poets Of Tarrant County; Q Cinema; Schola Cantorum of Texas; Sid Richardson Museum; SiNaCa Studios; Southwest Sound; Stage West Theatre; Texas Academy Of Figurative Art; Texas Academy of Fine Art/Texas Academy; Texas Association of Museums; Texas Ballet Theater; Texas Camerata; Texas Center For Arts + Academics; Texas Cowboy Hall of Fame; Texas Cowgirl Museum and Hall of Fame; Texas Girls’ Choir; Texas Nonprofit Theatres; Texas Private School Music Educators Association; Thank You Darlin Foundation; Travis Academy of Fine Arts; Trinity Shakespeare Festival; Van Cliburn Foundation; and Wildcatter Exchange.

The City of Fort Worth’s Participating Cultural Event Attendees

Additionally, this study could not have been completed without the cooperation of the 547 arts and cultural audience members who generously took the time to complete the audience-intercept survey while attending a performance, event, or exhibit within the City of Fort Worth during calendar year 2016.

Learn More

For more information about the Arts and Economic Prosperity 5 Study for the city of Fort Worth, click here.
For more information about the Arts and Economic Prosperity 5 Study nation wide, click here.