Tag Archives: economic impact study

nonprofit arts

Nonprofit Arts Pump $15 Million Into West Valley Economy

The nonprofit arts and culture industry generates $14,712,480 in annual economic activity in the West Valley of Greater Phoenix, Arizona, supporting 539 full-time equivalent jobs and generating $1,582,000 in local and state government revenues, according to the Arts & Economic Prosperity IV national economic impact study. The most comprehensive economic impact study of the nonprofit arts and culture industry ever conducted in the United States, Arts & Economic Prosperity IV was conducted by Americans for the Arts, the nation’s leading nonprofit organization for advancing the arts and arts education.

According to the study, nonprofit arts and culture organizations spent $8,532,844 during fiscal year 2010. This spending is far-reaching: organizations pay employees, purchase supplies, contract for services and acquire assets within their community. Those dollars, in turn, generated $8,644,000 in household income for local residents and $918,000 in local and state government revenues.

Julie Richard, President and CEO of the West Valley Arts Council – the organization who sponsored and coordinated the Study on behalf of the West Valley – stated, “This Study is incredibly significant for this region. This is the second study of this kind the Council has participated in and we have shown amazing growth in the non-profit arts and culture industry over the past ten years. We have grown from $3.5 million in total economic impact in 2000, to almost $15 million in 2010. The arts and culture industry in the West Valley is an economic force despite the fiscal difficulties the area has endured over the past several years.”

Nationally, the Arts & Economic Prosperity IV study reveals that the nonprofit arts industry produced $135.2 billion in economic activity during 2010. This spending—$61.1 billion by nonprofit arts and culture organizations plus an additional $74.1 billion by their audiences—supported 4.1 million full-time equivalent jobs and generated $22.3 billion in federal, state and local tax revenues.

“This study shines a much-needed light on the vital role the arts play in stimulating and sustaining economic development,” says Robert L. Lynch, president and CEO of Americans for the Arts. “Contrary to popular belief, the arts are a bustling industry that supports a plethora of diverse jobs, generates significant revenues for local businesses and to federal, state and local governments and provides quality of life that positions communities to compete in our 21st century creative economy.”

For more information on the nonprofit arts and culture industry in the West Valley, visit Americans for the Arts’ website at www.artsusa.org.

Downtown Phoenix Shopping

The Goal Of Shift Arizona Is To Get People Shopping Locally, Boosting The State’s Economy

In an effort to jolt the state’s economy back to life, Local First Arizona is encouraging Arizonans to shift 10 percent of their purchases to local businesses.

Ten percent might not seem like a lot, but when even a small amount is fed into a local economy, it can grow exponentially. The shift can be made anywhere from banking, food, products or services.

This year-long campaign, called Shift Arizona, is modeled after an economic impact study performed in Grand Rapids, Mich. The study showed that a 10 percent shift by all residents would create 1,600 new jobs, local wages would increase by $50 million and $130 million would be fed into the local economy.

This study is driving Shift Arizona to strengthen Arizona’s economy and foster civic pride along the way.

“A vibrant, robust local business community is what I look forward to,” as a result of Shift Arizona, says Adam Goodman, president of Goodman’s Interior Structures and a Local First Arizona member.

Taking part in Shift Arizona isn’t only about shopping at local boutiques, it’s about buying locally made products and purchasing services provided by locally owned companies, says Kimber Lanning, founder and director of Local First Arizona.

Lanning suggests making a few simple shifts, such as dining at local restaurants, frequenting local theaters, or stopping at a local coffee shop every fifth time you grab a cup of joe — she understands that Starbucks habit is tough to break.

Local First Arizona’s website provides a list of locally owned businesses to help make your transition easier.

However, buying local doesn’t mean completely changing your routine, Lanning says.  Many chain stores, such as Target and Walmart, stock Arizona-made products like Shamrock Farms, China Mist teas and Hickman’s eggs, Lanning says.

Local companies care about and support other local organizations, charities and businesses, while a national company will support the local businesses near its headquarters, Goodman says.

Buying local will affect much more than just that one business; it will create spending throughout the community, Goodman says. He adds that his own business is looking at what it can do to spend more money locally.

Shift Arizona also is dispelling the myth that local stores are more expensive than national chains, Lanning says. Oil changes and pet food are often cheaper at local stores, she says.

In a continuingly tough economic climate, Shift Arizona is championing using your wallet as you would use your vote.

“We’re at a point in time where the discussion amongst our elected officials revolves around whether we want our taxes raised or our services cut, but in reality, through our purchasing power, citizens can grow the economy without spending any more money,” Lanning says. “We just need to make our money shift to a more locally based economy.”

Lanning says Arizonans can boost the economy not by spending more money, but by spending their money a little more thoughtfully.