Supporting the Creative Economy
Supporting the Creative Economy
In Isaac Kaplan's Artsy article entitled "Arts Sector Contributed $763.6 Billion to U.S. Economy—More Than Agriculture or Transportation, New Data Shows," he writes about the significant effect the arts and entertainment industry contributes to the national economy.
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With the potential economic value, it's disheartening to know that funding for the arts, specifically for organizations such as the National Endowment for the Arts (NEA) which helps provide financial assistance to organizations like Hampton Arts, is facing severe cuts by the president's administration.
“The data confirm that the arts play a meaningful role in our daily lives, including through the jobs we have, the products we purchase, and the experiences we share,” said NEA chairman Jane Chu in a statement.
Virginia Statistics - Arts Economies
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$16.8B
Value added to state’s economy by the arts
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3.5%
Arts’ value-added as a share of state’s economy
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$8.0B
Arts worker compensation
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120,955
Arts employment
Performing Arts Venues like The American Theatre
(*National statistics as of 2015)
Museums & Art Centers like The Charles Taylor Visual Arts Center
(*National statistics as of 2015)