Arts and the Economy

The coronavirus pandemic has caused a major disruption of our national economy and financial markets globally and has resulted in painful impacts on the lives and welfare of countless communities.  The arts, so often dependent on social gatherings, were devastated almost overnight as venues were forced, for health and safety reasons, to close public galleries and cancel performances. Some people might assume that the arts sector failing is not a critical issue, howcever, consider the contribution the arts made to the national economy in pre-pandemic times and the potential for arts education to provide much needed workforce preparation into the future.

The 2015 Arts & Economic Prosperity: National Study reports that non-profit arts and cultural organizations not only provide employment opportunities, but also contribute significant revenue to local governments and communities.  On the national level, arts organizations “pumped an estimated $63.8 billion into the nation’s economy, supporting 2.3 million jobs, providing $49.4 billion in household income, and generating $11.9 billion in total government revenue.”

Arts education is also gaining recognition as a key component of student’s success in the workplace. As detailed in The Importance of Arts Education in Workforce Preparation, “nearly 45 percent of business executive think that Americans lack the deeper learning skills needed for success in the 21st century workforce—communication, creativity, collaboration, and critical thinking.” These critical skills for economic growth are linked to arts education, with numerous studies showing that children who study the arts are more likely to be recognized for academic achievement, more likely to participate in a math or science fair, and more likely to elected to class office within their school, while increasing their creative and strategic thinking and problem-solving skills.

Read more about how the Arts Impact the Economy:

Arts & Economic Prosperity: National Study:  www.americansforthearts.org/by-program/reports-and-data/research-studies-publications/arts-economic-prosperity-5

The Importance of Arts Education in Workforce Preparation:  www.ednote.ecs.org/the-importance-of-arts-education-in-workforce-preparation/

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