donald trump by August Prum March 7, 2018
On Tuesday, the National Endowment for the Arts published a report measuring the economic impact of the arts in 2015, revealing the arts funneled $763.6 billion into the U.S. economy in 2015, which accounts for 4.2 percent of the country’s GDP.
Here’s a breakdown of a couple notable numbers from the report:
NEA Chairman Jane Chu said in a statement about the economic data of the arts:
“The robust data present in the Arts and Cultural Production Satellite Account show through hard evidence how and where arts and culture contribute value to the economies of communities throughout the nation. The data confirm that the arts play a meaningful role in our daily lives, including through the jobs we have, the products we purchase, and the experiences we share.”
This report comes roughly a month after President Trump’s proposed 2019 budget, which would cut federal funding for the NEA.
It’s pretty awesome to see the arts thriving economically like this. Any sort of cut to the NEA would result in a pretty disastrous situation for independent artists who receive crucial grants and funding from the endowment.
Keep America weird. Fund the arts.