Report: Arts Contribute Over $553 Million to Michigan Economy
ArtServe Michigan today released its second Creative State Michigan report detailing FY 2010 economic impact data from 346 nonprofit arts and cultural organizations that together contributed more than half a billion dollars in expenditures alone to Michigan's economy in 2010. Learn more at www.CreativeStateMI.org.
The report reveals significant growth of arts-related jobs and businesses from 2006 to 2011; arts-related jobs increased by 15 percent in Michigan, while arts-related businesses increased by 65 percent. Of the $553.4 million in annual expenditures by the creative community in 2010, nearly $194 million supportEd Salaries for 22,335 jobs.
Arts and cultural destinations also generated more than $2 billion toward state tourism revenues in FY 2011 - 16 percent of state totals and more than golf, boating/sailing, hunting/fishing and hiking/biking combined.
"Arts and culture are major contributors to our state's economy - creating jobs and local spending, fueling tourism and shaping vibrant cities attracting talent and business," said Jennifer Goulet, ArtServe's president and CEO. "This report reinforces the creative economy as a valuable asset and strategic economic investment for Michigan."