Arts & Economic Prosperity 6 - Tennessee Arts Commission

Overview

Arts & Economic Prosperity 6 (AEP6) is an economic and social impact study of the nation's nonprofit arts and culture industry. In the State of Tennessee, the nonprofit arts and culture industry generated $1.4 billion in economic activity during 2022.

Economic Impact

• Supporting 23,465 full-time equivalent jobs
• Generating $345.6 million in tax revenue to local, state, and federal governments
• $617.4 million in spending by arts and culture organizations
• $746.2 million in event-related expenditures by their audiences
• $54 million in value of volunteer hours
• Providing $1.1 billion in personal income to residents

Commerce & Visitor Economy

• Attendees spend $35.18 per person per event, beyond the cost of admission
• 9.2% of attendees were non-local visitors who traveled from outside the host county; they spend an average of $78.44
• 63.1% of nonlocal attendees reported that the primary purpose of their visit was specifically to attend the performance, event, exhibit, venue, or facility where they were surveyed

Community Impact

• 51.4% of attendees who live in Tennessee said they would have 'traveled to a different community to attend a similar arts or cultural activity'
• 89.4% of arts and culture attendees agree that the activity or venue 'is inspiring a sense of pride in this neighborhood or community'
• 85.4% agree that 'I would feel a great sense of loss if this activity or venue were no longer available'
• 81.6% agree that the venue or facility is 'an important pillar for me within my community'

Study Details

• 21 local partners gathered data for city, county, regional and statewide reports
• TN Development Districts conducted regional studies
• AEP5 study from 2017 available at https://tnartscommission.org/about-us/aep5/