Metro Denver arts & culture generated $1.85 billion
in economic activity, revealed in new CBCA study
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 Colorado Business Committee for the Arts (CBCA).
Highlights of the study, unveiled at a sold-out event on Nov. 7 at the Sheraton Downtown Denver Hotel, 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.
The study results, drawn from the 2013 calendar year, reflect data reported by nearly 300 organizations in the seven-county area that received distributions from the Scientific and Cultural Facilities District (SCFD). CBCA has been conducting this study since 1992.
To schedule a Study presentation for your organization, contact Administrative & Events Coordinator, Meredith Badler, at email@example.com or 303-282-5135.