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Economic Impact Per $100,000 of Direct Spending by AUDIENCES <br /> The economic impact of event-related spending by arts audiences can also be derived for an individual <br /> organization or groups of organizations in Indian River County. <br /> The first step is to determine the total estimated event-related spending by attendees who are residents of Indian <br /> River County. To derive this figure, first multiply the total attendance by the percentage of attendees that are <br /> residents.Then,multiply the result by the average per person event-related expenditure by resident attendees. The <br /> result is the total estimated event-related spending by resident attendees. <br /> The second step is to do the same for nonresidents of Indian River County.To derive this figure, first multiply the <br /> total attendance by the percentage of attendees that are nonresidents. Then, multiply the result by the average per <br /> person event-related expenditure by nonresident attendees. The result is the total estimated event-related spending <br /> by nonresident attendees. <br /> Then,add the results from the first two steps together to calculate the total estimated event-related audience <br /> spending. Finally,the ratios of economic impact per$100,000 in direct spending can then be used to determine the <br /> _total economic impact of the total estimated audience spending. <br /> • TABLE 8'Audience Spending Ratios for the Arts.B Economic Prosperity i Calculator - • <br /> in Indian River County(excluding the cost Of event admission) } • <br /> Residents Nonresidents <br /> Percent of Attendees 74.9% 25.1% <br /> Average Per Person Event-Related Expenditures $18.90 $45.36 <br /> TABLE 9 <br /> Ratios of Economic Impact Per$100,000 of Direct Spending by Nonprofit Arts and Culture Audiences <br /> in Indian River'County <br /> Median of <br /> Similar Study Regions <br /> Indian River County Pop.=100,000 to 249,999 k - NationalMedian <br /> Full-Time Equivalent Jobs 2.03 2.53 2.46 <br /> Resident Household Income S36,058 $53,212 $52,101 <br /> Local Government Revenue S3,738 $4,418 $4,449 <br /> State Government Revenue S6,380 $5,213 $5,692 <br /> 16 AMERICANS FOR THE ARTS I Arts&Economic Prosperity 5 <br />