Music, theater and the visual arts helped contribute about $27.7 million to San Luis Obispo County’s economy in 2015, according to a new national study.
Arts & Economic Prosperity 5 looked at data from more than 14,000 arts and cultural organizations — and survey results from more than 212,000 of their audience members — in all 50 states and the District of Columbia. It’s the fifth economic impact study published by national nonprofit Americans for the Arts.
According to the study, San Luis Obispo County nonprofit arts and cultural organizations spent nearly $13.7 million on payroll, supplies and other expenses two years ago, while their audiences spent an additional $14 million on event-related expenses including meals, lodging and transportation.
That spending supported 916 full-time-equivalent jobs and generated $2.8 million in local and state government revenue, the study found.
Premium content for only $0.99
For the most comprehensive local coverage, subscribe today.
Overall, the study showed that the nation’s nonprofit arts and cultural organizations and their audiences generated $166.3 billion in economic activity in 2015, supporting 4.6 million jobs and generating $27.5 billion in government revenue.
To read the full Arts & Economic Prosperity 5 report, go to www.AmericansForTheArts.org/EconomicImpact.
Submit news and notes items for Biz Buzz. Email: email@example.com; on Twitter @SLOBizBuzz; phone: 781-7902; fax: 781-7905; mail: Biz Buzz, The Tribune, P.O. Box 112, San Luis Obispo, CA 93406-0112.
Tell us your best business advice
What’s the best piece of business advice you’ve ever received? And how has it helped make you more successful in your business/professional life? Tell us in 100 words or fewer, and send it to firstname.lastname@example.org. We will publish them in future Biz Buzz columns.