Economic Impact of Arts and Culture in North Texas, 2010
For the past 20 years, Deloitte and Business Council for the Arts have provided North Texas with critically important data substantiating that the arts are vital to the eco ...
For the past 20 years, Deloitte and Business Council for the Arts have provided North Texas with critically important data substantiating that the arts are vital to the economy of our region.
Each edition of the Economic Impact Study of Nonprofit Arts and Cultural Organizations in North Texas gives arts and culture agencies tools to make a strong case in development, management and government proposals.
The 2010 study, the seventh of its kind, reports that nonprofit arts and cultural organizations in North Texas contributed more than $3.05 billion to the region’s economy over the past three years – $1.06 billion in 2009, $995.3 million in 2008, and $998.2 million in 2007.
In addition, this study provides an overview of prior results from the study’s first year, in 1990, to 2009. The total aggregated economic impact of the arts in North Texas over the twenty-year period (1990-2009) is approximately $15 billion, as adjusted for inflation.
“The Economic Impact Study clearly shows that arts and culture are a vital component to our economy. We hope the results will focus national attention on the scope of cultural activities in North Texas and encourage enhanced corporate financial support for arts and culture in our region,” said Katherine Wagner, CEO of Business Council for the Arts.
The 2010 Economic Impact Study was produced by Deloitte as part of the organization’s national pro bono services program. All North Texas non-profit arts and cultural institutions were invited to participate in the survey, and a total of 87 survey responses were obtained in the organizational categories of music, theater, dance, museum/visual arts, and others. The economic impact was measured through direct and indirect spending of the organizations, indirect audience spending, and construction expenses related to new and existing facilities, including one-time capital improvements and expansions.
The previous Economic Impact Study was released in 2006, and showed the economic significance of the cultural arts industry in North Texas, as adjusted for inflation, was approximately $795.9 million in 2004, $873.7 million in 2005, and $881.7 million in 2006.
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