Minneapolis among top art economies in the nation - KMSP-TV

Minneapolis among top art economies in the nation

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Minneapolis has always been a hub for the arts, and a new report shows the city holds one of the biggest art economies in the nation.

The report examines arts jobs, consumer spending and revenue of arts organizations, and Minneapolis stands at four times the national average for strength of creative economy. It is the sixth biggest in the nation, behind Washington, D.C., New York, Los Angeles, San Francisco and Boston. Even in economic downturn, the art community in Minneapolis has continued to thrive, and is home to some of the most prolific theater, dance, music, photography and other artistic ventures in the world.

Visitors take a stroll through the Walker Art Center, catch a musical at the Guthrie, or explore a new musical artist at First Avenue.

Minneapolis arts add an average of $700 million into the Minneapolis economy each near. The sector employs nearly 20,000 workers, contributing to 5 percent of all jobs in Minneapolis. Retail sales in the Minneapolis creative economy are around 70 percent of the size of sports retail in the city, and artistic event-related restaurant and parking purchases also pump revenue into the city.

Minneapolis nonprofit arts organizations have 13.5 times the national average in revenue and charitable giving, while performing arts revenues in the city earn nearly 10 times more than the national average.

This report will be used to measure and develop the next culture plan throughout the city and look toward arts and culture goals for the Minneapolis Convention Center, identify strengths and weaknesses in certain areas of the city and continue to foster Minneapolis as a top patron of the arts.

In the coming weeks, staff of the City's Arts, Culture and Creative Economy will present the findings to stakeholder groups and arts participants. For more information and a copy of the report, visit http://www.minneapolismn.gov/coordinator/arts/index.htm

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