Final report socio-economic impacts of arts and cultural organizations in BC : grant applicants to the BC Arts Council

Summary: "The objective of this study is to estimate the contribution to the BC economy of the arts and cultural organizations which apply for grants from the BC Arts Council. An economic impact approach based on input-output methodology is used to estimate the socio-economic impacts of expenditures by arts and cultural organizations in BC. The input-output model employed in this study generates economy- wide estimates of output, value added (gross domestic product), labour income, employment and government revenues resulting from expenditures by arts and cultural organizations in BC. Arts and cultural organizations make a broad contribution to society in addition to the above impacts on the economy. These organizations help preserve heritage, facilitate arts and cultural education, identify, develop, and recognize artistic talent, and encourage local participation. Also, healthy arts and cultural communities can attract out-of-region audiences which in turn contribute spending to local economies. This study does not attempt to estimate these impacts."--Introduction.