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Over the past year and a half, the Cultural Division and the City of Fort Lauderdale participated in a national Arts and Economic Prosperity study (AEP6), led by the non-profit organization, Americans for the Arts.
One of AEP6’s key takeaways is that our cultural sector contributed a whopping $386 million in economic impact to Broward County in 2022, which in turn, supported 6,718 full and part-time jobs.
The AEP6 findings underscored the strong demand for arts and culture experiences. Attendance numbers at Broward’s arts organizations topped 5.8 million people during that single year. These culture consumers spent an average of $41.74 per person, per event (on top of the price of a ticket).
Across the board, it’s clear that Broward’s cultural sector generates significant amounts of event-related spending by audiences. If you think about your own attendance habits at cultural events, it’s likely you often spend money on parking, dinner, drinks, or perhaps even a new outfit. All of this spending helps fuel our local economy.
In short, the arts are not only a fundamental part of our cultural identity, but also a key driving force behind our community’s growth and prosperity.
We look forward to seeing this positive economic impact continue as we move into the future. With more people moving to our community, there are more and more expectations of world-class arts and culture experiences. To ensure our cultural sector remains vibrant and poised for growth, we should focus on strategies that promote the robust development of our artists, and our arts and culture organizations. The future is bright and the state of our arts is strong!
For more information, including the full report, you can visit Broward.org/Arts.