South DaCola

A local economic impact study that actually shows us the numbers

Of course, it did NOT come from city hall. That would go against their fierce opposition to transparency.

Findings reveal the non-profit arts and culture industry generates $104.5 million in total economic activity in the Sioux Falls area, supports 3,567 full-time equivalent jobs, generates $71.1 million in household income to local residents and generates $2.8 million in revenue to local government.

The Study found that on top of admission costs to events, arts and culture audiences spend an additional $30.35 per person per event. This figure is up from $21.57 reported in a similar study released in 2012. The effect of these dollars is felt throughout the local economy: organizations pay employees, purchase supplies, contract for services, and acquire assets within the community while audiences spend money locally on meals, hotel rooms, and gas, among other things. The ripple effect of arts and culture spending in Sioux Falls amounts to $84.8 million annually.

Add to this the $20.8 million spent by arts and cultural nonprofits themselves, the result is $105.4 million in cumulative economic activity in Sioux Falls.

What I found interesting is that while the Pavilion participated, SMG (Events Center) and the Convention Center did NOT. You would think that if both or either one participated, these numbers would look very different. But like I said already, that would require letting the public look at the books.

I have requested a full copy of the study.

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