ERIC Number: ED225908
Record Type: RIE
Publication Date: 1980
Reference Count: 0
The Economic Impact of Ten Cultural Institutions on the Economy of the Springfield, Illinois SMSA.
The impact on the economy of 10 cultural institutions in Springfield, Illinois, was determined by measuring their 1978 direct and indirect financial effects. The institutions are the Springfield Symphony Orchestra, Springfield Theatre Guild, Springfield Art Association, Springfield Ballet, Art Collection in Illinois State Museum, Old State Capitol, Community Concert Series, Springfield Municipal Opera, Old State Capitol Art Faire, and Great American People Show. Data gathered from the 10 institutions included operating and financial characteristics and total expenditures with local firms. Staff and audience surveys, tax rates and bases for all local jurisdications, local government expenditures, and the number of local housing units were also obtained. Direct expenditures amounted to almost $3 million. Thirteen percent went toward local expenditures for goods and services, 33 percent for salaries and wages, 14 percent filtered into the community through local audience spending, and 38 percent through non-local audience spending. Guest artists spent 2 percent of the total locally. Secondary business volume generated by institution-related effects totaled over $3 million. Revenues to local government from the 10 institutions came to $187,581 while costs to local government amounted to $110,867. (KC)
Publication Type: Reports - Research
Education Level: N/A
Sponsor: National Endowment for the Arts, Washington, DC.
Authoring Institution: Johns Hopkins Univ., Baltimore, MD. Center for Metropolitan Planning and Research.
Identifiers: Econometrics; Illinois (Springfield)
Note: For related documents, see SO 014 480-491.