The nonprofit arts and culture industry has an economic impact of $306.6 million annually in Salt Lake City, according to a new study by an arts and arts education organization.
The nonprofit Americans for the Arts’ “Arts & Economic Prosperity 5” study indicates the industry in Salt Lake City supports 10,479 full-time equivalent jobs and generates $27.9 million in local and state government revenues.
All figures in the study were based on the 2015 fiscal year. It indicated that nonprofit arts and culture organizations spent $112.4 million through employee pay, supply purchases, contracts and services and asset acquisitions within the community. That spending generated $215.7 million in household income for local residents and $27.9 million in local and state government revenues ($13 million for local government, $14.85 million for state government), it said. Spending by cultural audiences totaled $194.1 million.