BOWLING GREEN STATE UNIVERSITY

October 8, 2007
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Dr. Michael Carroll chats with (left to right) Dr. Katerina Rüedi Ray, Frances Strickland and President Sidney Ribeau before the presentation of the results of the arts’ economic impact study.

Dr. Michael Carroll chats with (left to right) Dr. Katerina Rüedi Ray, Frances Strickland and President Sidney Ribeau before the presentation of the results of the arts' economic impact study.

Arts contribute $2.4 billion annually to region's economy, study finds

It’s a rare thing in life when something that is pleasurable and spiritually, intellectually and emotionally nourishing is also good for us economically. But that is exactly the case with the arts, a large audience at Toledo’s Valentine Theatre heard Oct. 2 when Dr. Michael Carroll, a BGSU economist and director of the Center for Regional Development, delivered the results of his study of the arts’ impact on the regional economy. Frances Strickland, first lady of Ohio, was a special guest for the evening.

The arts are big business in northwest Ohio, the comprehensive study found. Arts and culture industries generate more than $2.4 billion in economic activity in northwest Ohio per year. They also help produce $246.5 million in federal, state and local tax revenue, and support more than 33,000 jobs in the region.

Every dollar spent by arts and culture industries in northwest Ohio creates $1.62 for its economy, said Carroll, who conducted the study for the Northwest Ohio Arts Exchange, which represents regional arts organizations.

The study is relevant, Carroll said, “because there is a growing body of research that shows a thriving arts community is crucial for the health and vitality of a region.”
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