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Conclusion <br />The nonprofit arts and culture are a $45.6 million industry In the City of Eugene— <br />one that supports 1,739 full -time equivalent jobs and generates $2.4 million in local <br />and state government revenue. Nonprofit arts and culture organizations, which spend <br />$29.5 million annually, leverage a remarkable $16.1 million in additional spending by <br />arts and culture audiences --- spending that pumps vital revenue into local restaurants, <br />hotels, retail stores,, parking garages, and other businesses. By demonstrating that <br />investing in the arts and culture yields economic benefits, Arts & Economic <br />Prosperity IV lays to rest a common misconception: that communities support the arts <br />and culture at the expense of local economic development. In fact, they are investing <br />in an industry that supports jobs, generates government revenue, and is a cornerstone <br />of tourism. This report shows conclusively that the arts mean business! <br />"Disney has a rich legacy in animation, film and storytelling, so <br />naturally we consider the arts to be an essential part of our business, as <br />well as an essential element of our communities. We have seen how the <br />arts not only enrich American life, but also support millions of fobs <br />across the country, generate billions of dollars in economic impact, and <br />Delp drive the family - vacation industry. By investing in the arts, we <br />plank seeds for the future and male our communities better places to <br />1 ive." <br />Meg Crofton, President <br />Walt Disney World Darks & Resorts Operations, U.S. and France <br />Arts & Economic Pwsperity?V I Awncans for the Arts 11 <br />