Author: Pinto, James V. and Leeman, Patti

Publication Year: 1980

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 economy for 1980. This is one of the first studies to measure the impact of festivals. Total attendance for performances and festivals: 1,526,220; OKC area 67.7% and out-of-area 32.3%. Festivals accounted for 29.9% of total attendance. Labor force: 270 full-time (4 of these were CETA positions); 434 part-time, 5,774 volunteers, 237,912 hours volunteered, 1,162 additional full-time jobs were created in the local economy in order to support the arts industry demand for resources, goods and services. Festivals accounted for 33.4% of the 1,162 additional jobs.

Arts industry and patron expenditures:

(a) Total expenditures (local and non-local) reported by arts institutions,
     agencies, festivals and shows according to accounting records: $5,180,298
     (festivals 11.3%).

     Total direct local expenditures by arts industry firms, employees of the arts
     industry, patrons, guest artists and audiences: $17,884,566 (festival 23.4%).

     Total secondary (indirect) expenditures in the local economy due to
     increased
     business volume and increased business purchases: $31,756,729 (festival
     23.4%).

     Grand total expenditures resulting from both direct and secondary impacts:
     $49,641,295 (festivals 23.4%).

     Estimated sales tax paid to local governments as a result of direct and
     secondary expenditures: $982,898 (festivals 23.4%). (Executive Summary)

Arts & Intersections:

Categories: Economic Impact