Americans for the Arts (AFTA) is leading Arts & Economic Prosperity 5: The Economic Impact of Nonprofit Arts and Culture Organizations and their Audiences (AEP5), a national study of the economic impact of the nonprofit arts and culture industry. The Tennessee Arts Commission is one of 19 statewide partners.
The study will document the key roles played by nonprofit arts and culture organizations and their audiences in strengthening our economy. This is the first time Tennessee has participated on a statewide level, and findings from this study will serve as a critical advocacy and branding tool for the state’s arts industry. Complete national, state, state development districts and custom local reports will be published in June of 2017.
AFTA has confirmed 329 partner organizations nationally to participate in AEP5. This study will once again be the largest and most comprehensive of its kind ever conducted, using professional economists from Georgia Tech to analyze local data. The participating communities represent a broad geographic diversity, range in size from small rural to large urban, and include emerging as well as established arts communities. Previous partners have included local arts agencies, community foundations, economic development agencies, chambers of commerce and more.
Local partners will receive a customized final report on the direct and indirect/induced economic impact of spending by the community’s nonprofit arts and culture organizations and their audiences, including: the number of full-time equivalent jobs supported by the industry, the amount of resident household income generated by the industry, and the amount of local and state government revenue generated by the industry.
Contact Carol White, 615-253-8914 for more information.