Often, arts are the first thing to get cut when states, schools or municipalities are talking budget cutbacks. ArtServe has a new report out showing why that’s a bad idea, economically speaking.
Excerpt: The intrinsic value of arts and cultural organizations has long been recognized, but a new report reinforces what the sector has long trumpeted: They have significant economic impact, as well.
For every $1 the state invested in nonprofit arts and cultural groups in 2009, those organizations pumped more than $51 into Michigan's economy through spending on rent, programs, travel and salaries.
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Source: Crain's Detroit Business