Texas economy

Arts and culture industry generates $6.1 billion for Texas economy, study finds

AUSTIN, TX, March 24, 2021 /PRNewswire/ — The Texas Cultural Trust (TXCT), a nonprofit organization dedicated to maintaining and increasing support for a vibrant community Texas where the arts foster economic growth, creativity and excellence, today announced the results of a study by leading researchers.

The 2021 State of the Arts Reportsupported by the Houston Endowment, is the latest iteration of a biennial study and provides a comprehensive overview of the impact of the arts and culture industry in Texas. The report quantifies the social and economic value of the arts; degree of access to the arts in Texas schools and communities; and highlights the increased use of the arts to improve health and well-being and enhance social and emotional learning (SEL).

Key findings from the study include:

  • The arts and culture industry in Texas has increased by more than 30% over the last decadegenerating $6.1 billion for the Texas economytotaling almost $380 million in state sales tax revenueand $50.1 billion in gross domestic product in 2019.
  • The creative sector employs nearly 900,000 Texansrepresenting one in 15 jobs.
  • The impact of public grant funding for cultural districts far exceeded the initial state investment.
  • The arts stimulate tourism. In 2019, Texas tourism spending exceeded $83 billion. Arts and culture tourists not only stay longer and spend more, nearly one in four visitors take part in cultural tourism on a trip to Texas.
  • high school students who complete more arts courses are twice as likely to graduate, 22% more likely to go to collegeand have up to 15% higher success rate on standardized tests than students with fewer arts courses.
  • Access to arts education is not fair. Rural schools offer 70% fewer arts classes than suburban schools. The students in very poor schools have less access to the arts than students in low-poverty schools.
  • Young adults who had more art experiences in high school are more likely to show civic behavior than young adults who had less.
  • Attending a cultural event once every few months can result in a 32% less risk of developing depression.

While the 2021 State of the Arts Report demonstrates how arts and culture can fuel the Texas economy, the quantification of the impact of the COVID-19 pandemic will be significantly different. The long-term effects of the pandemic are unknown, but the Trust believes the arts and culture industry can revive Texas by creating jobs, generating significant tax revenue, boosting tourism, attracting businesses , revitalizing communities and improving the quality of life for all Texans. .

Preliminary data for Q1 and Q2 2020 shows:

  • An estimated loss of $2 billion in taxable sales created by the arts and culture industries;
  • Approximately loss of $127 million in sales tax revenues created by the arts and culture industries; and
  • A 42% off in Hotel tourist tax revenuewhich supports local artistic communities.

“Our state is poised for incredible economic growth through the arts, and with investment and political leadership, our opportunities are endless,” said Neighborhood Lesliechairman of AT&T Texas and chairman of the board of TXCT.

Heidi Marquez SmithCEO of TXCT, stresses the need for continued support for the arts and culture industry, especially as the state legislature considers eliminating the single fine arts credit from graduation requirements of the secondary school diploma and the reduction of funding for Texas Arts Cultural Districts Grants Commission. “These difficult times have amplified the power of the arts – as an emotional balm, a form of expression, a reflection of current events, a universal language, a unifying force and a symbol of hope. But the arts have also proven to be a source of consistent and reliable revenue for our state over the past decade. We must oppose any legislation that would negatively impact our economy, our communities and our way of life.”

For more information about the Texas Cultural Trust, art canand the 2021 State of the Arts Reportto visit ArtCanTexas.org.

The supporters of art can and the 2021 State of the Arts Report includes: The Houston Endowment;The CH Foundation; theWoody and Gayle Hunt Family Foundation; and Leslie and Jack Blanton, Jr.

Organizational sponsors include: AT&T; Sarah & Ernest Butler; The Tobin Endowment; House with four hands; the University of Texas College of Fine Arts; Anheuser-Busch; Frost Bank; Judie & Kirk Robinson; Ray Benson; Lidia Porto; Texas Monthly; The Texas Tribune; and the Houston Ballet.

About the Texas Cultural Trust
The Texas Cultural Trust, established in 1995, is a 501(c)(3) nonprofit organization dedicated to supporting and improving access to and awareness of the arts statewide. The organization’s programs include the Texas Medal of Arts Awards, Arts Access, Art Can, Texas Young Masters, Texas Women for the Arts, and Partners in the Arts. Efforts are amplified by supporters who are instrumental in the success of leading a cohesive voice for the arts in education, advocacy, and economic impact in Texas, shining a light on artistic excellence of State. For more information, visit TXCulturalTrust.org.

On art can
Through Art Can, the Texas Cultural Trust conducts research, produces and publishes data quantifying the economic and educational impact of the arts in Texas. art can analyzes employment and wages in the creative sector, as well as tax revenues and tourism expenditure related to arts and culture. art can also studies individual school districts, analyzing student access to arts education and its relationship to academic achievement and overall achievement. The results are unequivocal, underscoring that the arts are essential to the development of young minds and a strong economy. In this way, art can is an invaluable resource for Texas parents, educators, the public, policy makers and private entities. The data collected informs all Texas Cultural Trust programs and drives the development of new initiatives to increase public funding and support for arts and culture in the state. For more information, visit ArtCanTexas.org.

SOURCE Texas Cultural Trust