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Fort Worth to participate in Arts & Economic Prosperity 5 Study

Posted Feb. 18, 2016

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The arts mean business. That’s the message being delivered by the Arts Council of Fort Worth, which has joined Arts & Economic Prosperity 5, a national study measuring the economic impact of nonprofit arts and culture organizations and their audiences.

The study is being conducted by Americans for the Arts, a nonprofit organization for advancing the arts and arts education. AEP5 is the fifth study over the past 20 years to measure the impact of arts spending on local jobs, income paid to local residents and revenue generated to local and state governments.

As one of nearly 300 study partners, the Arts Council of Fort Worth will collect detailed financial information about Fort Worth’s nonprofit arts and culture organizations such as its theater and dance companies, museums, galleries and arts education organizations.

“This study will make clear that the arts are a formidable industry in Fort Worth — employing people locally, purchasing goods and services from local merchants and helping drive tourism and economic development,” said Suzan Greene, customer operations manager at Oncor and chair of the Arts Council of Fort Worth Board of Directors.

In 2010, the typical attendee to nonprofit arts events in Fort Worth spent $16.92 per person, per event, beyond the cost of admission on meals, transportation, babysitting and other event-related spending. Additionally, based on a survey of 521 arts attendees in 2011, 24.2 percent of all arts attendees live outside of the Fort Worth city limits.

Surveys and data for this study will be collected throughout 2016. Results will be released in June 2017.

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Cavile Public Facility Corporation: 5 p.m. Feb. 22, 2018; Fort Worth Housing Solutions Administrative Office Board Room, 1201 East 13th Street.
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