- Economic impact of the creative sector, before March 2020: According to the latest data issued on March 17, 2020 by the Bureau of Economic Analysis of the US Department of Commerce and the National Endowment for the Arts, the creative sector is a vital component of the U.S. economy. As the United States navigates a time of economic uncertainty due to the spread of COVID-19, it is important to recognize and champion the economic contributions of the arts to all 50 states, the U.S. territories, and the nation as a whole. Nationally, arts and cultural economic activity accounted for 4.5 percent of gross domestic product (GDP), or $877.8 billion, in 2017. To sum up the most recent numbers for Wisconsin (as of 2017):
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- $10.1 billion in value-added to the state’s economy through the arts (up from $9.7 billion in 2016)
- 96,651 jobs in the arts – more than the state’s beer, papermaking and biotech industries (up from 94,167 in 2016)
- $5.8 billion arts worker compensation (up from $5.6 billion in 2016)
- 3.1% arts’ value-added as a share of state’s economy (same as 2016)
- Americans for the Arts’ COVID-19 Resources and Research Center: The creative sector has now been particularly hard-hit because of shutdowns and cancellations of almost all live events in the state, and, the likelihood that these live events won’t really come back until there is widespread treatment or a vaccine. Click here for the weekly review of survey results (as of 7-13-20), and learn more about the surveys and results here:
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- COVID-19 Impact Survey for Non-profit Organizations
- $8.4 billion negative economic impact – national
- $34+ million negative economic impact – Wisconsin
- COVID Impact Survey for Artists and Creative Workers (over ⅔ of the state’s creative workforce is now unemployed and these performers, artists, and other creative workers have no prospects for work in their profession for the foreseeable future.)
- Impact on General Public-Role of the Arts in Protecting Mental Health
- CARES Act Arts Funding Tracker
- COVID-19 Impact Survey for Non-profit Organizations
- The COVID-19 Effect on Wisconsin’s Nonprofit Sector: Arts, Culture & Humanities, from the Helen Bader Institute for Nonprofit Management at UW-Milwaukee, released July 2020