CBCA’s Economic Activity Study of Denver Metro Culture is a biennial report that quantifies the economic contributions that arts and culture make on the Denver metro area. In collaboration with Scientific & Cultural Facilities District (SCFD), CBCA has been demonstrating the social and financial impact of the arts on our region for over two decades.
Read about the 2014 Economic Activity Study below, which was released in November, 2014 with data compiled in 2013.
Denver metro area arts, cultural and scientific organizations continued to be a major economic force in 2013, generating $1.85 billion in Total Economic Activity, according to the latest “Economic Activity Study of Metro Denver” conducted by the CBCA.
Highlights of the study, unveiled at a sold-out event, include:
- Total Economic Activity: The combination of operating expenses, audience spending and capital expenditure totaled $1.85 billion in 2013, up 5.1% from 2011;
- Total Economic Impact: New money injected into the regional economy came to $520.8 million, down only 1.2% from 2011;
- Jobs & Payroll: Arts, cultural & scientific organizations employed 10,205 workers, up 9.1% from 2011, and they earned $150.7 million in payroll and expenses in 2013, up 4% over 2011;
- Corporate Giving: Soared to $10.4 million, up 8.4% over 2011;
- Cultural Tourists: Total number of tourists from outside Colorado participating in regional arts and culture was up 17% over 2011.