A study performed by Virginians for the Arts describes the economic impact of arts

A study performed by Virginians for the Arts describes the economic impact of arts and cultural organizations in Virginia.

Arts and cultural organizations in Virginia annually generate:

  • $849 million in revenues for Virginia businesses
  • $342 million in revenues for Virginia tourism related businesses through spending by visitors to arts and cultural organizations.

As a result of the business revenues created by Virginia arts and cultural organizations, the state’s economy benefits from:

  • $447 million in value-added income (mainly personal income) for Virginia’s workforce and entrepreneurs;
  • $307 million in annual labor compensation for Virginia’s workforce;
  • Well over18,850 full and part-time jobs.

Virginia’s arts and cultural organizations also:

  • Host nearly 30 million patrons each year;
  • Attract out-of- state visitors (37% of paid admissions to arts and cultural organizations live outside
  • Virginia);
  • Supplement their budgets with an estimated $62 million in grant income annually;
  • Raise an estimated $74 million in contributions annually;
  • Organize 1.4 million volunteer hours improving the quality of life for all Virginians.