Item B: Arts & Economic Prosperity IV (AEP4)

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The Economic Impact of the Nonprofit arts and Culture industry in the City of wwn ,O Arts car Economic Prosperity lV provides compelling new evidence that the nonprofit arts and culture are a significant industry in the City of Eugene —one that generates $45.6 million in total economic activity. This spending —$29.5 million by nonprofit arts and eulture organizations and an additional $16.1 million in event - related spending by their audiences — supports 1,739 full -time equivalent jabs, generates $34.8 million in household income to local residents, and delivers $2.4 million in. local and state government revenue. This economic impact study sends a strong signal that when we support the arts, we not only enhance our quality of life, but we also invest in the City of Eugene's economic well - being. The City of Eugene is one of 182 study mgions that participated in parts dl: Economic Prosperity 1V, the most comprehensive study of its kind ever conducted. It documents. the economic impact of the nonprofit arts and CUItuPe sector in 139 cities and counties, 31 multi - city or multi - county regions, 10 states, and two individual arts districts — representing; all 50 U.S. states and the District of Columbia. The divers: study regions range in population (1,600 to four million) and type (rural to large urban). Project economists customized input - output analysis 9nodels to calculate specific and reliable findings for each study region. This study focuses solely on the economic impact of nonprofit arts and culture organizations and event - related spending by their audiences. Spending by individual artists and the for -profit arts and culture sector (e.g,., Broadway or the motion picture industry) are exclrx evd from this study. Fer the purpose of this study, the geographic area included in this analysis is defined as the City of Eugene, Defining Economic Impact This proprietEny Atudy uses four economic measures [o define economic impact; full -time equivalent jobs, resident household income, and local and state government revenues. (1) Full-Time Equivalent {TTE} Jobs describes the total amountof labor employed. E3cionomists mcasure I±TE.jobs, not the total number ofemployees, because it is a more accurate measure that accounts for pail -time. employment. (2) Resident Household Income (often called Personal Income) includes salaries, wages, and entrepreneurial income paid to local residents, It is the money residents earn and use to pay for Food, mortgages, and other living expenses. Revenue to (3) Local and (4) State Government includes revcnuc from lccal and state taxes (e.g,, income, property, sales, and lodging) as well as funds from license fees, utility fees, filing fees, and other similar sources. Arts & Economic Prosperily IV I Americans Mr the Arts 3