Putting a Value on Creative Capital
"Talk all you want about 'cultural capital,' but it turns out art has a real, tangible impact on the national economy," writes Bill Bradley. The "Arts and Cultural Production Satellite Account" is the first federal effort to analyze the impact of the arts and cultural sector on gross domestic product (GDP).
The BEA and NEA found that the two million people working in creative industries in 2011 "accounted for 3.2 percent — a grand total of $504 billion — of the country’s GDP," notes Bradley. "That’s more than tourism, which clocked in at 2.8 percent of the GDP."
“The positive value of arts and culture on society has been understood on a human level for millennia," said U.S. Secretary of Commerce Penny Pritzker. "With this new effort, we are now able to quantify the impact of arts and culture on GDP for the very first time."
Topics
- Is There a Perfect Density?
- Six States Considered Laws to Make it Legal to Run Over Protestors This Year
- Aurora Rising
- The Most Effective Way to Reduce Employee Driving
- Corridors Are the Secret to Improving Transit in Small Cities
- When Men Control the Debate About the Future of Cities
- Five Big Ideas About the Future of Transportation and Land Use in Los Angeles
- The 'Steady Decline' of Suburban America
- Housing Construction in Seattle and Vancouver a Study in Contrasts
- Trump's Infrastructure Plan Slow to Materialize Despite New Executive Order, Flow Chart
- Why Replace Successful BRT With Rail?
- Louisville's Infamous Spaghetti Junction to Get Safety Review
- Film Highlights Conservationists' Diversity
- Successfully Engaging With Underrepresented Communities for Comprehensive Plans
- Average Commute Times Won't Change Because of the Hyperloop
- Gentrification and Controversy in the Bronx
- Trafalgar Square Shows How to Reuse Pedestals Where Statues Once Stood
- Copenhagen's Post-Industrial Adaptive Reuse
- The Trump Administration's Assault on Diversity Spreads to Housing Vouchers
- Night Mayors Come to America
