montgomery county findings
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Montgomery County Findings. Economic Impact of Montgomery County Nonprofit Arts & Culture Industry $151 Million Annual Expenditures (2010). Montgomery County Nonprofit Arts & Culture Industry Organizations$76.7 Million Audiences$74.3 Million Total$151 Million - PowerPoint PPT PresentationTRANSCRIPT
Montgomery County Findings
Economic Impact of Montgomery County Nonprofit Arts & Culture Industry
$151 Million Annual Expenditures (2010)
Arts & Culture Organizations $76.7 Million
Arts & Culture Audiences $74.3 Million
Local & State Government Revenue $10.2 Million
Event-Related Expenditures $74.3 Million
Full-Time Equivalent Jobs 2,955
Montgomery CountyNonprofit Arts & Culture Industry
Organizations $76.7 Million
Audiences $74.3 Million
Total$151 Million
Supports 2,955 FTE jobs
Generates $10.2 million in government revenue
Arts and the “Great Recession”Changes between 2005 and 2010
Unemployment5.1% to 9.7%
Consumer Confidence101 to 54
Home Foreclosures Tripled:
885,000 to 2.9 million
Spending on recreation, entertainment, shopping:
$192 to $164 billion
Live attendance: arts and sports
Jobs in tourism, food & beverage
Arts Volunteerism
• 11,642 arts volunteers donated 520,755 hours for a $11 million value
• Value of 2010 volunteer hour = $21.36
Arts & Economic Prosperity IV5 Take-Aways
1. $151 million industry
2. Supports 2,955 jobs
3. Generates $10.2 million in government revenue
4. Attendees spend $21.62 per person (beyond admission)
5. Resilient in tough economic times
Attendance at Cultural Events
Jumps 85%!Attendance 2005 1.9 Million Attendance 2010 3.4 Million
The Arts Mean Business!
www.Creativemoco.com/aep4
Montgomery County Attendees Spent $21.62 Per Person, Per Event
Meals & Snacks $13.22
Souvenir/Gifts $1.02
Transportation $1.43
Lodging$4.72
Other$1.23
Montgomery County Attendees Spent $74.3 Million
Meals & Snacks $45.4 million
Souvenir/Gifts $3.5 million
Transportation $4.9 million
Lodging$16.2 million
Other$1.2 million
Montgomery County Surges in Economic Impact
Spen
ding by O
rganiza
tions
Spen
ding by A
udiences
Total
Impact
Even
t-Rela
ted Sp
ending
State
& Local
Govern
ment R
even
ue $-
$20.00
$40.00
$60.00
$80.00
$100.00
$120.00
$140.00
$160.00
20052010