New study shows economic impact of the Arts tops $1.2 billion
January 16, 2008Press Release
BALTIMORE, MD (January 16, 2008) – Demonstrating his continued commitment to Maryland’s Arts community, Governor Martin O’Malley today announced that he has proposed a $16.475 million operating budget for the Maryland State Arts Council, an 8.4 percent increase from last fiscal year. The additional funding, which is included in the Governor’s FY 09 budget released today, would be used to expand access to the Arts, audience development, awareness and artistic excellence for all Marylanders.
The proposed funds would provide additional support to Maryland’s nonprofit Arts organizations and programs that receive grants from the Arts Council, which returned a record-breaking $1.2 billion for Maryland’s economy in FY 2007, according to a study released today by the Maryland Department of Commerce. The data, which is part of an annual economic impact study generated by the Department of Commerce, also reported that nearly 14 million people attended arts events that received support from the Arts Council.
“The Arts are not only an important economic generator in Maryland, they are vital to maintaining our outstanding quality of life and the education of our children,” said Governor Martin O’Malley. “This study confirms what we already knew, that the arts play a tremendous role in the lives of every Marylander. When we invest in the arts, we invest in our communities, our businesses and our citizens.” More: Full Press Release