Report: Arts in Philadelphia Contributes Billions to Local Economy
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By Pat Loeb
PHILADELPHIA (CBS) — Philadelphia’s arts scene is contributing more than just leisure time activities to the region. It’s also bringing more than $3 billion to the local economy, according to a report released today.
If you think all this is about having something to do, Tom Kaiden of the Greater Philadelphia Cultural Alliance will set you straight:
“Our real value, actually, is in terms of the number of jobs we generate in this region.”
That’s 44,000 jobs, according to Kaiden.
“We produce about twice the national average in terms of jobs created by the sector here as compared to other parts of the country,” he tells KYW Newsradio.
Kaiden says the arts and culture sector also generates $169 million in tax revenue and bolsters other sectors, such as tourism.
“Seventy percent of our visitors said that if it had not been for that cultural event, they would not have come to Philadelphia,” Kaiden says. And he says the arts are turning the city into a “world class” cultural destination.