Hannibal Arts Community Generates $5.09 Million Annually in Economic Activity
A recent survey conducted by a national arts organization confirms what many in Hannibal knew already – that the local arts community is good for the area’s economy.
The group Americans for the Arts conducted an Arts and Economic Prosperity study on the economic impact of the nonprofit arts and culture industry in hundreds of communities nationwide, including the Hannibal area.
The study shows that the local arts community generates a little over $5-million dollars a year in economic activity in the Hannibal area, supporting 126 full-time equivalent jobs and generating half-a-million dollars in local and state government revenues.
Hannibal Arts Council Executive Director Michael Gaines points out that another important part of the study is that area arts organizations spend $1.4 million dollars a year to pay employees, purchase supplies, contract for services and acquire assets within the community.
The study showed that, nationwide, the nonprofit arts industry produces over $166-billion dollars in economic activity every year.