While the US are spending $10 millions of public money on each weekend trip of their current President, plus millions for the security of his wife and his children – even when his sons inaugurate a Trump resort in Dubai – the arts sector managers position themselves in order to fight the announced measures of reducing or cutting fiscal advantages for arts funding.
In April, the NEA will announce the latest data from the Bureau of Economic Analysis’ Arts and Cultural Production Satellite Account that examines the economic impact of the arts and culture sector. In a news release however, they give a sneak-preview of what will come.
« The value added to U.S. gross domestic product (GDP) from arts and culture is rising. Among the segments leading that growth are performing arts presenters (a 5.7 percent growth rate) and industrial design services (4.1 percent).
Arts and cultural goods and services are continuing to give the U.S. a trade surplus, with our nation exporting roughly $26 billion more than it imports from other countries. That is not the trend for the U.S. economy as a whole.
And finally, the new numbers show that government contributed 13.5 percent of the value added by arts and cultural industries to the U.S. economy. This comes from investments on the federal, state, and local levels. »
