local nonprofits here in Waco are generating over 74.1 million every year now that's according to the new art economy and prosperity survey by the National Association of the art it gauges how much money comes directly from concerts plays and other events that happen in our area that are put on by local nonprofits now creative Waco says that this study also shows that we've improved compared to the last time the study was done in 2015 several local nonprofits host events featuring music art and
culture year round in Waco including the Waco Symphony Association everybody missed live performance so much during the pandemic um and it's this great unifier for our community to have to have an uplifting Music Experience when you buy a ticket food or a new outfit for these events all that money adds up for every dollar our city or county puts into arts and culture they get $4 back in local tax revenue if I was investing in something that gave a 400% return on investment I would consider that
a pretty good investment a recent arts and economic Prosperity study shows that Waco's nonprofit art and cultural sector generates around $ 74.1 million per year from most people they're struggling to reach their pre-pandemic activity levels here we actually had new organizations formed during the pandemic creative wo helped collect information from 40 nonprofits and over 1,200 Community surveys through June 2022 in May 2023 for the study Across the Nation the average is a 9% decrease in economi
c activity however in Waco during that same period of time we have experienced an increase of 16% Bond says a report shows that Waco is a destination with a thriving economy which makes the city attractive for businesses and special events Nationwide economic activity has dropped 9% from 2015 to 2023 but Bond says that here in Central Texas there has been a 16% increase we'll have a full study over on our website on kxxv.com
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