Author: Pinto, James V.

Publication Year: 1979

Media Type: Report

Summary:

Abstract:

The following study was designed to measure the economic impact of 34 arts agencies, organizations, festivals, shows, programs and events in the Oklahoma City economy for 1979. This is one of the first studies to measure the impact of festivals and shows. Total attendance for performances and festivals: 1.563,641; OKC area 87.5% and out-of-area 12.5%. Festivals accounted for 33.3% of total attendance. Labor force: 204 full-time (11 of these were CETA positions), 61 part-time, 4,764 volunteers, 110,552 hours volunteered, 967 additional full-time jobs were created in the local economy in order to support the arts industry demand for resources, goods and services. Festivals and shows accounted for 27.8% of the 967 additional jobs.

Arts industry and patron expenditures: (a) Total expenditure (local and non-local) by arts institutions, agencies, festivals and shows: $5,100,991 (festivals and shows 16.5%). Total direct local expenditures by the arts industry, employees of the arts industry, patrons, guest artists and audiences $14,882,550. (festivals 27.8%). Total secondary (indirect) expenditures in the local economy due to increased business purchases and increased business volume: $26,288,117. (festivals 27.8%). Grand total expenditures resulting from both direct and secondary impacts: $41,170,667. (festivals 27.8%). Estimated sales tax paid to local governments as a result of direct and secondary expenditures: $817,895. (festivals 27.8%). (Executive Summary).

Arts & Intersections:

Categories: Economic Impact