Supporting the Arts is TAXing: The Difficulty of Establishing Effective Arts Funding Schemes in Creative Cities

(Source) In the United States, the arts and culture industries are massive economic engines. In fact, the arts contribute $763.6 billion to the U.S. economy annually, which is more than both the agricultural and transportation industries. Furthermore, the arts drive job growth and promote cultural tourism in cities across the U.S. This data suggests that, across the nation, the arts contribute value to our communities and “play a meaningful role in our daily lives, including through the jobs we have, the products we purchase, and the experiences we share.” Because the arts are so vital to some state economies, it is important to consider the policies and procedures regarding the funding of this sector. Funding for the arts is a complicated matter due to the breadth of subjects, organizations, and fundraising schemes that fall under the umbrella of the “arts.” From the complex Broadway musical industry with many moving parts to an individual artisan jewelry-making business to nonprofit arts education programs, organizations and artists may face very different operating problems and therefore require different funding schemes. As one commentator noted in an article for Americans for the Arts, “Local Arts Agencies are like snowflakes; no two are exactly alike. Each [read more]