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March 2014

The Arts Have a Direct Impact on Economic Development

By | thinkCSC Leadership Series | No Comments

by Tom Hastings

gcac finalWhen we think about economic development, the first thing that often comes to mind is the efforts made to create and the retain jobs and talent in a community. Measures to improve education and training, as well as government intervention to reduce property taxes and stimulate economic growth, are regularly employed as means to advance economic development. As important, however, is the advancement of the arts in communities, including Columbus, which has proven to be a prevailing factor in economic development. Overwhelming evidence suggests that communities who invest in the arts are promoting economic growth for their citizens.

The Greater Columbus Arts Council (GCAC) advocates for the advancement of the arts and culture in the Columbus, Ohio region. As the importance of sustained job growth becomes more apparent, so does the need for efforts to cultivate a flourishing arts community. The GCAC provides mounting evidence that the arts impact our community in a number of different ways, including the attraction and retention of talent and increased tourism and convention business. The impact to economic development is profound: the Columbus region realizes $226 million in economic activity and 8,500 jobs as a result of the arts.

Economic development can’t be measured merely in short-term dollars and cents. Genuine, sustained economic development is achieved over a period of time, and the arts are an important part of that effort. While local and federal government programs may stimulate development, organizations like the GCAC are what make the community attractive to the talent we’re trying to retain and attract that will help Columbus prosper. Our community will benefit the most – economically and culturally – from the ongoing sponsorship of the arts by local business leaders and individuals. thinkCSC is proud to support the efforts of the Greater Columbus Arts Council.