The Economic Impact of Nonprofit Arts and Cultural Organizations and Their Audiences in Tennessee
The Arts & Economic Prosperity 5 study provides compelling evidence that the nonprofit arts and culture sector is a $1.17 billion industry in the State of Tennessee—one that supports 38,482 full-time equivalent jobs and generates $135.9 million in local and state government revenue.
Nonprofit arts and cultural organizations, which spent $470.8 million during 2015, leveraged a remarkable $698.3 million in additional spending by their audiences—spending that pumped vital revenue into restaurants, hotels, retail stores, parking garages, and other local businesses.
By proving that investing in the arts and culture yields economic benefits, Arts & Economic Prosperity 5 lays to rest the misconception that communities support arts and culture at the expense of local economic development. In fact, communities that support the arts and culture not only enhance their quality of life—they also invest in their economic well-being.
The arts mean business in the State of Tennessee!
| Total Impact of the Nonprofit Arts and Culture Industry
(Expenditures by both organizations and audiences)
|Total Direct Expenditures||$1,169,083,611|
|Full-Time Equivalent Jobs||38,482|
|Resident Household Income||$837,774,000|
|Local Government Revenue||$53,943,000|
|State Government Revenue||$81,988,000|
The impact of spending by nonprofit arts and cultural organizations is far reaching: they pay their employees, purchase supplies, and acquire assets within the local community. Additionally, unlike most industries, the arts leverage significant event-related spending by their audiences. Whether serving the local community or out-of-town visitors, a vibrant arts and culture industry helps local businesses thrive.
|Impact of the Nonprofit Arts and Cultural Organizations|
|Total Direct Expenditures||$470,782,916|
|Full-Time Equivalent Jobs||19,042|
|Resident Household Income||$400,910,000|
|Local Government Revenue||$14,754,000|
|State Government Revenue||$30,336,000|
|Impact of the Nonprofit Arts and Cultural Audiences|
|Total Direct Expenditures||$698,300,695|
|Full-Time Equivalent Jobs||19,440|
|Resident Household Income||$436,864,000|
|Local Government Revenue||$39,189,000|
|State Government Revenue||$51,652,000|
|Event-Related Arts and Cultural Audience Spending|
|Percent of Total||88.4%||11.6%|
|Per Person Average||$23.99||$73.95|
Residents live within the State of Tennessee; Nonresidents live elsewhere.
|Average Dollars Spent Per Person, Per Event|
|Refreshments/Snacks At Event||$4.56|
|Meals Before/After Event||$9.95|
|Souvenirs and Gifts||$5.08|
|Clothing and Accessories||$2.32|
|Event-Related Child Care||$0.38|
|Overnight Lodging (one night only)||$4.23|
|Total Per Person Spending||$29.77|