Study finds arts contribute $49.1 million to Portland's economy

Published Date Written by Staff Report

A study commissioned by two Portland arts organizations found that $49.1 million is contributed to the city through the creative economy.
Creative Portland and the Portland Arts and Cultural Alliance yesterday released a study conducted by Americans for the Arts and the Ruth Lilly Fund for the Arts — titled "Arts and Economy Prosperity IV in Portland, Maine." The study found that arts and cultural activities in Portland generated $49.1 million, supported 1,535 full-time equivalent jobs and added $5.7 million in local and state government revenues.
"We owe our thanks to the hard work and dedication of the artists and arts and cultural organizations in our city for this remarkable contribution to our economy," said Creative Portland's President Andy Graham, in a press release. "In addition, they are working every day to bring more joy and meaning into our daily lives."
On a national level, the same study found that arts and cultural groups generated $135.2 billion in economic activity in 2010, according to a press release.
"This study shines a much-needed light on the vital role the arts play in stimulating and sustaining economic development," said Robert Lynch, president and CEO of Americans for the Arts, in a press release. "Contrary to popular belief, the arts are a bustling industry that supports a plethora of diverse jobs, generates significant revenue for local businesses and to federal, state and local governments and provide quality of life that positions communities to compete in our 21st century creative economy."