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Arts Districts Impact Economy

December 13, 2017

The Maryland State Arts Council has released its annual report detailing the economic impact Arts and Entertainment Districts have throughout the state.

 

The study, which was conducted by Towson University's Regional Economic Studies Institute (RESI), marks RESI's fourth economic impact study on Maryland A&E Districts. The first study examined fiscal years 2008 through 2010 and reported on a three-year annual average. The FY2012 and FY2014 studies looked at those years alone. The FY2016 study adds a comparative analysis, showing significant overall increases for jobs (+2,617), wages (+$60.5 million), tax revenue (+$23.5 million), and GDP (+$261.6 million) between the 2014 and 2016 fiscal years. 

 

 

 

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