What is the Creative Economy?
The creative economy encompasses individuals, organizations, and enterprises whose assets are creatively based. Examples of professions that make up the creative economy include: architects, artists, authors, dancers, editors, graphic, interior, web and game designers, arts and humanities teachers, musicians, singers, translators, and many more.
Facts about the Creative Economy:
• America's nonprofit arts industry generates $166.2 billion in economic activity every year, resulting in $29.6 billion in federal, state, and local tax revenues. (Source: Americans for the Arts, Arts & Economic Prosperity III: The Economic Impact of Nonprofit Arts and Culture Organizations and Their Audiences, 2007.)
• The creative sector employs 38 million Americans, or 30 percent of all employed people. (Source: Richard Florida, The Rise of the Creative Class, 2002.)
• In 2004, Americans donated more than $13.99 billion to the arts through individual giving, estates, foundations and corporations. (Source: Giving USA Foundation, Giving USA, 2005.)
• More than half of U.S. adults participate in cultural tourism. In 2002, cultural tourists spent an average of $166 more per trip than tourists not participating in cultural activities. (Source: Travel Industry Association of America, The Historic/Cultural Traveler, 2003.)
• In fiscal year 2008, state arts agencies invested $359.6 million in creating and sustaining arts infrastructures in communities across the nation. (Source: National Assembly of State Arts Agencies, Legislative Appropriations Annual Survey, FY08.)
Creative economy information courtesy of the National Assembly of State Arts Agencies.