Disciplines

Business | Economics

Abstract

The Grand Rapids area nonprofit arts and culture sector (GRACS) is estimated to have generated or supported economic benefits for the city of Grand Rapids and Kent County in the following ways:

  • The total economic impact of this industry is estimated at $298.7 million in economic output, supporting 2,529 jobs. Approximately $195 million in economic output is new to the area.
  • The total annual fiscal impact (tax revenue) of all primary visitor spending and GRACS organizational spending is estimated at $821,000 for municipalities and $585,000 for Kent County.
  • GRACS events attracted 2.67 million visitors, with 48% visiting from outside the local region.
  • 32% of local visitors and 61% of all nonlocal visitors stated that the GRACS event was their primary reason for visiting the area.
  • Direct spending of all primary visitors was $73.8 million, with nonlocal primary visitors spending $60.7 million.
  • The total economic impact of nonlocal primary visitors is estimated at $68.8 million in economic output supporting 574 jobs.
  • Nonlocal primary visitors generated approximately $426,000 in additional tax revenue for municipalities and $315,000 in additional tax revenue for Kent County.
  • GRACS organizations benefit from 968 volunteers, generating a volunteer donation value of $1.04 million.
  • GRACS organizations served approximately 342,667 K-12 students, with 40,958 instructional hours.

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