Ohio is fortunate to be home to many world-class cultural facilities. Public investment in such community projects can help to bolster community development and provide economic stimulus by:
A recent study released by Americans for the Arts reports that the nonprofit arts and culture industry in Greater Columbus generates more than $330 million in economic impact, and that the Greater Cincinnati arts and culture scene fuels its local economy with more than $279 million in economic activity.
The study – the most comprehensive economic impact study of the nonprofit arts and culture industry ever conducted in the United States – reports that on a national level, the arts generate $166.2 billion in economic activity annually, and generate revenues of $30 billion to local, state and federal governments. This demonstrates an impressive 7:1 return on investment in the arts made by the three levels of government on an annual basis.
The Governor's Sports Facilities Task Force, which presented a report to the Governor and General Assembly in 1995, found that long-term, targeted economic benefits stem from sports facilities. This is a result of new economic activity that occurs in close proximity to facilities that are part of a well-conceived economic development plan.
According to the report, research shows that sports facilities located in central, downtown sites near existing businesses and other attractions generate the most economic impact. Less tangible benefits, the Task Force concluded, come from the entertainment and recreational value of professional sports and the media attention associated with sports teams and events.
Click on the links below to read more about the projects assigned to the Commission: