Economic Impact of the Arts in Maryland

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The arts generated $1.05 Billion in economic impact for Maryland in fiscal year 2006, according to a recent study released by the Maryland Department of Business and Economic Development (DBED). The study, prepared for the Maryland State Arts Council (MSAC), also showed the arts generated an estimated $37.3 million in state and local taxes, up from $35.1 million In FY2005, and generated 13,762 full- and part-time jobs. In addition, for every dollar of direct spending by audiences attending arts events, another $2.10 was generated on other goods and services.

Fiscal Year 2006 Areas of Impact
13.1 Million People attended arts events
$335 million Direct spending on goods and services by audiences and attendees at arts events
$165 million Direct spending by arts organizations on goods and services
$500.4 million Direct spending total generated by combined audience spending and arts operations
$1.05 billion Total economic impact generate by combined audience spending and arts operations
13,762 Total full-time jobs generated by the arts industry
$371.6 million Salaries from total arts related employment
$37.3 million Generated in state and local taxes by the arts industry

 

Regional Economic Impact Comparison 1995
(Millions)		 2006
(Millions)		 % Change
Central Maryland (Anne Arundel, Baltimore, Carroll, Cecil, Harford, Howard Counties) $408.6 $619 51.4
Greater Washington (Frederick, Montgomery, Prince George's Counties) 177.4 318 79.2
Lower Eastern Shore (Dorchester,, Somerset, Worcester, Wicomico Counties) 21.6 43.7 102.3
Southern Maryland (Calvert, Charles, St. Mary's Counties) 3.1 7.8 151.6
Upper Shore ((Caroline, Kent, Queene Anne's, Talbot Counties) 8 25.9 223.7
Western Maryland (Allegany, Garrett, Washington Counties) 15.5 37.3 140.6

 

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