The vice president for policy and research with Americans for the Arts, will speak about his organization's recent study about the economic impact of the arts at a reception scheduled for 10 a.m. Wednesday, Oct. 4, at The Arts Center, 700 SW Madison Ave., Corvallis.
Randy Cohen also will present data from the Corvallis area at the event, sponsored by the Corvallis-Benton County Economic Development Office. The study, Arts & Economic Prosperity 5, found that economic activity from arts and cultural organizations in Corvallis generates more than $71.8 million for the local economy each year. The final report was issued in August 2017.
The year-long study focused on the economic impact of the nonprofit arts and culture industry in 341 communities and regions around the country in an attempt to provide a snapshot on the local impact of arts and culture efforts.
The study quantified total economic activity in Corvallis, which includes $27.5 million in direct spending by arts and cultural organizations as well $44.3 million in event-related spending by audiences. This translates into 1,968 full-time jobs and $4.8 million in revenue for local and state government.
To see the full report and one-page summary, visit the city of Corvallis' website at http://bit.ly/2xGB20y.
Light refreshments will be served at the event.