UToledo School of Visual and Performing Arts

Posts Tagged ‘economy’

The Arts Mean Business – Lots of Business – in Ohio!

A graphic describing how the Arts in Ohio have contributed more than $41 billion dollars to the economy in 2018 Ohio Citizens for the Arts Foundation has released the results of a study developed in conjunction with the Center for Regional Development and Bowling Green State University that shows the true power and impact of Ohio’s creative industries. The report proves that Ohio’s creative industries are much more than regional amenities. In short, they are powerful economic engines. Key findings from the report show that the arts in Ohio have experienced significant growth in the past few years and now account for more than $41 billion in economic activity while supporting nearly 290,000 jobs annually. Additionally, the arts and creative industries generate over $4.5 billion in federal, state, and local tax revenue annually.

 

Some TOLEDO highlights of the report:

  • The creative economy generates $831 million in the Toledo MSA,
  • It supports 12,065 jobs and supplies more than $466 million in wages and proprietor income,
  • Advertising and public relations lead the creative industries. The sector is responsible for $183 million dollars and supports 944 jobs in the Toledo MSA,
  • Museums, historical sites, zoos, and parks – direct impact = $79,210,422
  • Ornamental and architectural metal work manufacturing- direct impact = $39,911,247
  • Performing arts companies- direct impact = $35,285,152
  • Independent artists, writers, and performers- direct impact = $27,508,446

To download the full report and to see more on the impact of the arts in Toledo, visit
https://www.artsimpactohio.org/toledo/