Please do not leave this page until complete. This can take a few moments.
Waterville’s arts and cultural nonprofits generated $13.5 million in economic activity last year — more than double the amount in 2015 — according to a study by a Washington, D.C., advocacy group, Americans for the Arts.
The economic activity during 2022 consisted of $9.7 million in spending by nonprofit arts and cultural organizations and $3.9 million in event-related spending by audiences.
The spending supported 174 jobs and generated $2.4 million in local, state and federal government revenue, according to the Arts & Economic Prosperity 6 study.
When the study was last conducted, it found the city's arts and cultural nonprofits generated $6.3 million in economic activity during 2015.
The study demonstrates the impact of the arts as an economic driver in downtown Waterville’s revitalization efforts, said Shannon Haines, president and CEO of Waterville Creates, an arts nonprofit. It recently partnered with Colby College to create the Paul J. Schupf Arts Center as a home for Waterville's visual and performing arts, arts education and film.
“We have always known that arts and cultural activities not only enrich and enliven our community but also generate significant economic activity,” said Haines. “When the film festival is happening or there is a sold-out show at the Opera House, the restaurants are packed, hotel rooms are filled and Main Street is alive.”
Key figures from the study include:
“As Waterville continues to make significant investments in arts and culture, this data is crucial to us in demonstrating to our community and our funders the remarkable return on those investments,” said Haines.
“Since opening the doors of our home at the Paul J. Schupf Art Center in December 2022, we have welcomed more than 80,000 visitors, which — based on this data — represents over $3 million in related spending by our patrons.”
As Americans for the Arts’ research partner for the city of Waterville, Waterville Creates was responsible for local implementation and data collection. Waterville Creates’ local partners in AEP6 data collection included the Colby College Museum of Art, Colby Arts Office, Children’s Discovery Museum and the Waterville Public Library.
Nationally, the Arts & Economic Prosperity 6 study revealed the American nonprofit arts and culture sector is a $151.7 billion industry, one that supports 2.6 million jobs and generates $29.1 billion in government revenue.
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn MoreWork for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn MoreFew people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments