Arts & Economic Prosperity IV
Economic Impact of the Non-Profit Arts and Culture Industry
The Riverside Arts Council conducted the Arts & Economic Prosperity IV study for both the County and City of Riverside in 2010. The nationwide study, conducted by Americans for the Arts, is the most comprehensive of its kind ever performed. A total of 182 regions participated. It focused solely on the economic impact of nonprofit arts and culture organizations and event related spending by their audiences (it excluded spending by individual artists and for-profit arts and culture sector such as Broadway or the motion picture industry). The study used four economic measures to define economic impact: full-time equivalent jobs, resident household income, and local and state government revenues. The Riverside Arts Council's participation in this effort was made possible by the sponsorship of the Riverside Downtown Partnership.