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ArtsUconomic <br />d Prosperity°S <br />A Project of Americans for the Arts <br />The Economic Impact of Nonprofit Arts and <br />Cultural Organizations and Their Audiences in <br />INDIAN RIVER COUNTY, FL <br />The Arts & Economic Prosperity 5 study provides <br />compelling evidence that the nonprofit arts and culture <br />sector is a $24.9 million industry in Indian River <br />County—one that supports 651 full-time equivalent <br />jobs and generates $3 million in local and state <br />government revenue. <br />Nonprofit arts and cultural organizations, which spent <br />$16 million during 2015, leveraged a remarkable $8.9 <br />million in additional spending by their audiences— <br />spending that pumped vital revenue into restaurants, <br />hotels, retail stores, parking garages, and other local <br />businesses. <br />By proving that investing in the arts and culture yields <br />economic benefits, Arts & Economic Prosperity 5 lays <br />to rest the misconception that communities support arts <br />and culture at the expense of local economic <br />development. In fact, communities that support the arts <br />and culture not only enhance their quality of life—they <br />also invest in their economic well-being. <br />The arts mean business in Indian River County! <br />Total Direct Expenditures $24,874,172 <br />Full -Time Equivalent Jobs 651 <br />Resident Household Income $12,661,000 <br />Local Government Revenue $1,127,000 <br />State Government Revenue $1,893,000 <br />For study details, visit www.cultural-council.org. <br />Source: Americans for the Arts, 2017 (www.AmericansForTheArt rg). <br />TIJI <br />