To Directors of Cultural Organizations in New York City:

I'm writing to make sure you are aware of the Alliance's new study on the economic impact of the arts, which has very positive numbers about jobs, taxes and the arts industry's contribution to the local economy.

We would very much appreciate your help in getting the word out to the public and public officials by including this brief statement in your publications, Web sites, or any other communication which might be appropriate.

Economic Impact of NYC Culture Grew 61 Percent since 1992

Nonprofit cultural organizations generated more than 40,000 jobs and $170 million in taxes to New York City, producing an economic impact of $5.8 billion in 2005, according to a newly-released study by the Alliance for the Arts. This represented strong growth--61 percent--since the Alliance's last study in 1992. When nonprofit groups are combined with TV and film, Broadway theater, galleries and auction houses, and arts-motivated visitors, the total economic impact of the arts industry was $21.2 billion in 2005. The overall industry generated 160,000 jobs and contributed more than $900 million in taxes to the city.

The Arts as an Industry: Their Economic Impact on New York City and New York State can be downloaded at www.allianceforarts.org.

Thank you.

Randall Bourscheidt
President
Alliance for the Arts