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12/12/2017
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12/12/2017
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Last modified
5/1/2025 1:17:03 PM
Creation date
1/10/2018 9:29:51 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
12/12/2017
Meeting Body
Board of County Commissioners
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Economic Impact of Spending <br />by Nonprofit Arts and Cultural ORGANIZATIONS <br />in Indian River County <br />Nonprofit arts and culture organizations are active contributors to their business community. They are employers, <br />producers, and consumers. They are members of the Chamber of Commerce as well as key partners in the <br />marketing and promotion of their cities, regions, and states. Spending by nonprofit arts and cultural <br />organizations totaled $16 million in Indian River County during fiscal year 2015. This spending is far- <br />reaching: organizations pay employees, purchase supplies, contract for services, and acquire assets within their <br />community. These actions, in turn, support jobs, generate household income, and generate revenue to local and <br />state governments. <br />Indian River County's nonprofit arts and cultural organizations provide rewarding employment for more than just <br />administrators, artists, curators, choreographers, and musicians. They also employ financial staff, facility <br />managers, and salespeople. In addition, the spending by these organizations directly supports a wide array of other <br />occupations spanning many industries that provide their goods and services (e.g., accounting, construction, event <br />planning, legal, logistics, printing, and technology). <br />Data were collected from 10 eligible nonprofit arts and cultural organizations that are located in Indian River <br />County. Each provided detailed budget information for fiscal year 2015 (e.g., labor, payments to local and <br />nonlocal artists, operations, administration, programming, facilities, and capital expenditures/asset acquisition). <br />The following table demonstrates the total economic impact of their aggregate spending. <br />AMERICANS FOR THE ARTS I Arts & Economic Prosperity 5 <br />T I I L <br />
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