Edit ModuleShow Tags

Creative and Cultural Institutions Serve as Record-Breaking Economic Driver

Total economic activity in 2017 reached the highest amount ever reported by CBCA


Published:

Conducted every other year, the Colorado Business Committee for the Arts (CBCA) publicly unveiled its most recent Economic Activity Study of Metro Denver Culture, illustrating record-breaking employment in the nonprofit cultural sector, an increase in new tourism dollars and increasing attendance at creative institutions around the city. 

Total economic impact – or new money in the region – hit $573 million, including a record-breaking $400 million in economic impact from cultural tourism. 

"Arts and culture is a vital economic driver for the region," says Christin Crampton Day, executive director of CBCA. "CBCA's latest economic activity study demonstrates that the Denver metro area is a growing arts hub and cultural tourism destination, as well as a viable employment sector."

Total economic activity, which comprises direct and indirect spending from operations, audiences and capital projects, reached $1.9 billion in 2017, the highest amount ever reported by CBCA.

CBCA has been reporting on the economic significance of the arts since 1992. The research assesses financial and social contributions derived from the arts, cultural and scientific nonprofits throughout the seven-county metro area. 


CBCA HONORS 12 FOR ARTS SUPPORT


In the stretch from 2015 to 2017:

JOBS: 11,820 JOBS (10 percent increase)

GIVING TO THE ARTS: $182.6 million (3.5 percent increase)

ATTENDANCE: 15 million people (8.5 percent increase)

EDUCATION OUTREACH: 4.3 million school children (8.5 percent increase)

The continued success of the arts is attributed to the citizen-supported Scientific and Cultural Facilities District – a tax district that funds arts, cultural and scientific organizations in metro Denver. 

Edit Module
ColoradoBiz staff

Get more content like this: Subscribe to the magazine | Sign up for our Free e-newsletter

Edit ModuleShow Tags

Archive »Related Articles

CBCA Honors 10 at Annual Awards Luncheon

On Tuesday, March 12, the Colorado Business Committee for the Arts (CBCA) celebrated 10 honorees at the 2019 Business for the Arts Awards Luncheon, as part of the 2019 Business for the Arts Awards.

At Snooze, You Don't Lose

Best for Colorado is a program led by the Alliance Center that encourages Colorado companies to measure and improve their social and environmental impact using the B Impact Assessment.

To plan your future, work backward to move forward

Business owners are often caught in a seemingly never-ending cycle of decisions to make and things that need to get done.
Edit ModuleShow Tags
Edit ModuleEdit ModuleShow Tags
Edit ModuleShow Tags Edit ModuleShow Tags
Edit ModuleShow Tags Edit ModuleShow Tags
Edit ModuleShow Tags Edit ModuleShow Tags