Monday, April 7, 2008

Creative Industries - The Arts Provide Economic Value

A study from the Americans for the Arts, tracks arts-related business and employment through the country's 50 largest cities.

New York has the highest total of arts businesses and arts employees, but Seattle, San Francisco, and Atlanta come out on top for arts businesses and employees per capita.

The study reveals that arts-centric businesses represent 4.3 percent of all businesses and 2.2 percent of all jobs in the United States and that the arts are a robust and formidable economic growth sector:

  • More than 612,000 arts-related businesses employ 2.98 million people nationwide.
  • Arts-centric businesses grew 12 percent from 2007 compared to the growth of 10.7 percent for all U.S. businesses.
  • Employment growth by arts-centric businesses since 2007 was 11.6 percent,more than four times the rise in the total number of U.S. employees of 2.4 percent.

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