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[Corvallis] Arts and culture add $71 million to local economy



Report: Arts and culture add $71 million to Corvallis economy

 

Economic activity from arts and cultural organizations in Corvallis generated more than $71.8 million for the local economy each year. That’s the key takeaway from the Arts & Economic Prosperity 5 study, which was conducted last year by Americans for the Arts and included extensive sampling in Corvallis. The final report was issued in August 2017.

Randy Cohen, vice president for policy and research with Americans for the Arts, will present an overview of the Corvallis data at a reception from 9 to 10 a.m. Wednesday, October 4 at The Arts Center, 700 SW Madison Ave. The event will be sponsored by the Corvallis-Benton County Economic Development Office and is open to the public. Members of the media are encouraged to attend. Light refreshments will be served.

 

Visit the link below to read this on our website.
http://www.corvallisoregon.gov/index.aspx?page=32&recordid=4270


The year-long study focused on the economic impact of the nonprofit arts and culture industry in 341 communities and regions around the country in an attempt to provide a snapshot on the local impact of arts and culture efforts.

The study quantified total economic activity in Corvallis, which includes $27.5 million in direct spending by arts and cultural organizations as well $44.3 million in event-related spending by audiences. This translates into 1,968 full-time jobs and $4.8 million in revenue for local and state government.

The full report is available on the City of Corvallis website, as well as a one-page summary of the report’s findings.
Support for the study was provided the John D. and Catherine T. MacArthur Foundation, the Barr Foundation, and the Ruth Lilly Fund of Americans for the Arts. The study was coordinated locally by the City of Corvallis Arts and Culture Advisory Board and the Parks and Recreation Department. Statewide partners included the Oregon Arts Commission.

For more information on the Arts & Economic Prosperity 5 study, go to www.americansforthearts.org/economicimpact.

 


Disclaimer: This e-mail message is a public record of the City of Corvallis. The contents may be subject to public disclosure under Oregon Public Records Law and subject to the State of Oregon Records Retention Schedules. (OAR:166.200.0200-405)