Study: Despite Recession, Philadelphia Attendance At Arts & Culture Events On The Rise

PHILADELPHIA (CBS) — The recession has hit the Philadelphia region pretty hard over the past year, and arts and cultural organizations are feeling the effects. But a new study shows that there is a silver lining.

The Philadelphia Arts and Cultural Alliance released a report on Friday that shows cultural organizations lost more than $500 million dollars in investment revenue from 2009 to present, which is a 43% decrease. Alliance President Tom Kaiden says the good news is that individuals have stepped up to keep arts and culture alive.

“Though you might have expected in a recession that they might have reduced their attendance, the opposite is true,” Kaiden says.

He says individuals pumped more than $400 million into Philadelphia’s nonprofit sector.

“We saw a really positive influence from individuals participating more, attending more, volunteering more and donating more.”

Kaiden says even with increases in individual giving it could take many years for some non-profits to recover.

Reported by Cherri Gregg, KYW Newsradio

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  • Jenny

    The headline refers to a recession of the past year. What recession!? Is there a recession? For how many quarters in a row? Are you announcing it? That would be breaking news out of economic circles. Do people know what a recession is? Do you? Or did you just mean sluggish economy and slow growth? Big difference.

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