The city of Albuquerque has unveiled the results of a study called Arts & Economic Prosperity 6 (AEP6), conducted by Americans for the Arts. The study found that in 2022, Albuquerque's nonprofit arts and culture sector contributed $270.7 million to the local economy.
Further analysis from the study shows that this economic impact supported 3,902 jobs, generated $144.4 million in personal income for residents, and contributed $40.1 million to local, state, and federal government revenue. Within this context, nonprofit arts and culture organizations were responsible for $129.1 million in spending, while their audiences added an additional $141.5 million through event-related expenditure, according to a press release issued by the city of Albuquerque.
Dr. Shelle Sanchez, director of Arts & Culture for the city of Albuquerque expressed her thoughts on the findings: "I am inspired by the results of the AEP6 study, which highlight the significant impact of arts and culture on our local community," she said. "This research shows that the arts are not just a vibrant source of creativity and self-expression but also a crucial driver of economic growth. Arts and culture significantly boost our local economy by creating jobs, attracting tourism, and stimulating local businesses."
The AEP6 is an extensive study that explores the economic and social impact of the nonprofit arts and culture industry across America. It provides detailed insights into 373 regions, covering all 50 states plus Puerto Rico, as well as various communities with populations up to four million people, according to information available on the AEP6 webpage provided by Americans for the Arts.
Nolen V. Bivens, president and CEO of Americans for the Arts shared his perspective on these findings: "Arts and culture organizations have a powerful ability to attract and retain dollars in the community longer. They employ people locally, purchase goods and services from nearby businesses, and produce the authentic cultural experiences that attract visitors, tourists, and new residents," Bivens said. "When we invest in nonprofit arts and culture, we strengthen our economy and build more livable communities."