The document discusses the relationship between art, culture, and economic development. It provides examples from cities and organizations that demonstrate how art creates jobs, generates tax revenue, and boosts local economies through cultural enterprises and tourism. Art builds cultural capital and financial capital when supported by cultural entrepreneurs, public funding, and markets for cultural goods and services. Communities that invest in arts and culture benefit from increased economic activity, employment, and livability.

3. Art produces commerce and depends on commerce Source: Arts & Economic Prosperity III: The Economic Impact of Nonprofit Arts and Culture Organizations and Their Audiences in the City of Chicago . The Economic Impact of Nonprofit Arts and Culture Organizations and Their Audiences in the City of Chicago (FY 2005)

6. Los Angeles, CA Groundbreaking Report Shows Creative Industries Are the #1 Engine of the Los Angeles Regional Economy March 01, 2007 Artists and Designers Drive the Largest Segment of Jobs and Sales Revenues in the Region Otis College of Art and Design, Los Angeles, released a Report on the Creative Economy of the Los Angeles Region. Prepared by Jack Kyser, Chief Economist of the Los Angeles Economic Development Corporation, the key findings are stunning—including one million direct and indirect jobs generated by the creative industries in Los Angeles and Orange Counties. The creative industries lead the pack, surpassing the two long time “traditional” leaders—International Trade and Tourism. In 2005, the creative economy accounted for 894,000 direct and indirect jobs in Los Angeles County alone and generated 140.5 billion in sales/receipts and more than $3.4 billion in state tax revenues . It is clear that education is critical to maintaining competitiveness in a global economy increasingly built on innovation, sustainability and good design.

13. “ the funds that the A&CIs inject into the economy create new jobs and new sources of income on a net basis.” “ By BBER estimates, the $814 million that the A&CIs and cultural tourism bring into Santa Fe may account for as much as 39% of the total inflow of money (new capital) into the local economy…” BBER Study, Executive Summary

19. Chattanooga, TN CreateHere Has Brought 24 Artists To Chattanooga April 21, 2009 The not-for-profit, public-private group, CreateHere begins its second year of operations to further aide Chattanooga’s cultural renaissance through artist recruitment, art grants and other economic resource programs. Offering housing, moving and work space incentives, CreateHere has brought 24 artists to the area generating an economic impact of $3.8 million in an effort to bring new life to once depressed areas of the city through home sales, officials said.

21. Santa Fe International Folk Art Market In 2004 the first folk art market was created. This year, at the 2009 Market, artists sold close to $2 million worth of art. Art creates markets and needs markets

22. An innovative initiative that purchases (over $1million annually) and markets the work of New Mexican artists and artisans through the Museum of New Mexico Foundation’s Museum shops, creating a statewide economic development impact and support for the Museum of New Mexico. www.newmexicocreates.org www.worldfolkart.org www.shopmuseum.com Barbara and Joseph Cerno Acoma Pueblo

23. Museum of New Mexico Foundation New Mexico Creates Purchases from New Mexico Artists and Artisans

24. Mystic Maritime Gallery Mystic Maritime gallery at the Mystic Seaport Museum was the first U.S. art gallery in a museum shop to offer the work of contemporary artists. This created a new market and six for-profit maritime art galleries. In some cases, artists’ prices increased more than ten fold over a fifteen year period. John Mecray, “Columbia vs. Shamrock”

26. Art Basel Miami Beach As the sister event of Switzerland's Art Basel, Art Basel Miami Beach Art Basel Miami Beach combines an international selection of top galleries with an exciting program of special exhibitions, parties and crossover events featuring music, film, architecture and design. Exhibition sites are located in the city's beautiful Art Deco District, within walking distance of the beach and many hotels. More than 250 art galleries from North America, Latin America, Europe, Asia and Africa will exhibit 20 th and 21 st century artworks by over 2,000 artists

28. Santa Fe’s Arts and Cultural Industries employ 12,567 people Representing17.5% of total employment in Santa Fe county and $231.5 million in wages and salaries. BBER Study, Executive Summary (N.B. Europe’s Creative Sector Employment = 2.6%) Georgia O’Keeffe Museum, Santa Fe

31. ©2009 Thomas H. Aageson Executive Director Museum of New Mexico Foundation Post Office Box 2065 Santa Fe, New Mexico 87504-2065 505. 982.6366 ext. 110 [email_address]