#YeahTHATAgenda: Art's Big Impact, Cleveland Construction Update, BMW Freezes Pensions, Burger King's Impossible Partnership, Mountain Dew's Killer Game of Thrones Can
Apr 02, 2019 12:46PM ● By Chris Haire
The Economic Impact of the Arts is Accelerating in South Carolina: Greenville's annual arts celebration, Artisphere, is just around the bend -- May 10-12 as a matter of fact . And if the fest brings in the crowds like it did in 2018, Artisphere could generate an overall economic impact matching or exceeding last year's figures, an impressive $5.8 million, with over $1 million in total art sales, according to the organization.
The ongoing success of Artisphere comes at a time when the economic contributions of the artistic community is growing in the Palmetto State. According to a recent U.S. Department of Commerce report looking at the years 2014-2016, South Carolina is one of the Top 10 states -- 8th actually -- in terms of economic growth in the arts and culture sector.
With an average annual growth rate of of 7.5%, South Carolina ranks just ahead of Florida (7.1%) and just behind New Mexico (7.7%), California (7.8%), and Tennessee (7.8%) The Palmetto State's southern neighbor, Georgia, comes in at No. 2, with 11.1% growth.
The Peach State's growth is due in strong part to its growing role as a motion picture and television hub -- it's where Marvel Studios shoots most of its films, like April 29th's Avengers: Endgame.
Washington State tops the list at 11.9%, thanks to its growing publishing sector. It's a safe assumption that the majority of Washington's publishing economy is tech centric.
Festivals like Artisphere and Charleston's Spoleto Festival USA -- which had an economic impact of $42 million in 2016 -- surely played a role in South Carolina's recent surge. But any overall impact is built upon the work of the 51,551 people employed in the arts and culture sector, which includes not only artists, performers, and writers but architects and ad men and women.
In South Carolina, broadcasting and museums are the two most impactful industries, followed by architectural services and performing and events promotions. In Georgia the leading industries are motion pictures, broadcasting, and museums, while North Carolina's top three are publishing, motion pictures, and advertising.
A recently released S.C. Arts Commission report notes that the arts has an estimated statewide economic impact of $9.7 billion dollars, based on 2014 figures. By comparison, agribusiness has a $41.7 billion impact, automotive is at $27 billion, advanced materials is at $21.9 billion, and aerospace is at $19 billion.
It's worth noting that the S.C. Arts Commission report places the number of those directly employed in the arts at 75,336, while the U.S. Department of Commerce has over 20,000 less.The reasons for the difference, while likely justified, were not immediately available. There was also no comparable overall economic impact, but the two groups have similar figures for worker income or compensation: The Arts Commission notes $2.2 billion, and DOC references $2.7 billion.
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To Subscribe to Greenville Business Magazine for $35 a year, click here.
The ongoing success of Artisphere comes at a time when the economic contributions of the artistic community is growing in the Palmetto State. According to a recent U.S. Department of Commerce report looking at the years 2014-2016, South Carolina is one of the Top 10 states -- 8th actually -- in terms of economic growth in the arts and culture sector.
With an average annual growth rate of of 7.5%, South Carolina ranks just ahead of Florida (7.1%) and just behind New Mexico (7.7%), California (7.8%), and Tennessee (7.8%) The Palmetto State's southern neighbor, Georgia, comes in at No. 2, with 11.1% growth.
The Peach State's growth is due in strong part to its growing role as a motion picture and television hub -- it's where Marvel Studios shoots most of its films, like April 29th's Avengers: Endgame.
Washington State tops the list at 11.9%, thanks to its growing publishing sector. It's a safe assumption that the majority of Washington's publishing economy is tech centric.
Festivals like Artisphere and Charleston's Spoleto Festival USA -- which had an economic impact of $42 million in 2016 -- surely played a role in South Carolina's recent surge. But any overall impact is built upon the work of the 51,551 people employed in the arts and culture sector, which includes not only artists, performers, and writers but architects and ad men and women.
In South Carolina, broadcasting and museums are the two most impactful industries, followed by architectural services and performing and events promotions. In Georgia the leading industries are motion pictures, broadcasting, and museums, while North Carolina's top three are publishing, motion pictures, and advertising.
A recently released S.C. Arts Commission report notes that the arts has an estimated statewide economic impact of $9.7 billion dollars, based on 2014 figures. By comparison, agribusiness has a $41.7 billion impact, automotive is at $27 billion, advanced materials is at $21.9 billion, and aerospace is at $19 billion.
It's worth noting that the S.C. Arts Commission report places the number of those directly employed in the arts at 75,336, while the U.S. Department of Commerce has over 20,000 less.The reasons for the difference, while likely justified, were not immediately available. There was also no comparable overall economic impact, but the two groups have similar figures for worker income or compensation: The Arts Commission notes $2.2 billion, and DOC references $2.7 billion.
***
After five decades, El Matador continues to draw a devoted crowd with good food and charm (Greenville News)
Trump’s Sale of Greenville-made F-16 Jets to Taiwan Is Making China Nervous (Bloomberg)
BMW freezes pension plans for US employees; shifts to 401(k)-style plans for all (Greenville News)
First Citizens, First South merger moves ahead (Herald-Journal)
Carlee's and Tony's on Main closes, and changes are coming to another Anderson restaurant (Independent-Mail)
West Columbia manufacturer looking to fill 500 positions (The State)
UPS drones are now flying blood samples in North Carolina (Wired)
UPS drones are now flying blood samples in North Carolina (Wired)
Newly Signed SC Law Allows For Hemp Program Expansion (SC CEO)
Schumer Wants Boeing Off FAA Committee Amid Investigations (Manufacturing.Net)
Opinion: The 737 MAX Fallout’s Implications For Suppliers (Aviation Week)
Freefall: UAW Membership Declines Nearly 10 Percent (National Law Review)
Schedule-Stressed Vogtle Project Wins More Federal Backing (Engineering News-Record)
J&J launches industry-first TV ad with drug list price (Fierce Pharma)
New York county executive: County saw 500+ immunizations after ban on unvaccinated kids (Becker's Hospital Review)
What banks can swipe from Google's video-game playbook (American Banker)
Sources: Martin Shkreli Thrown In Solitary Confinement After Claims He Ran Company From Prison (Forbes)
Impossible Foods and Burger King are launching an Impossible Whopper (Tech Crunch)
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Tacos & Tequila Fiesta Expands List Of Activities And Sponsors
To Subscribe to Greenville Business Magazine for $35 a year, click here.
Greenville County | Long Range Planner
Age 27
I moved to Greenville to serve in AmeriCorps. I ran the home repair program at Greenville County Redevelopment Authority (GCRA), where I met people from all over the county. After my term, I began full-time at GCRA, where I managed federal funding to our 30-plus nonprofit partners. I also helped persons experiencing homelessness with financial assistance and managed our neighborhood grant program.
I currently work in Greenville County Long-Range Planning, where I’ve expounded on my neighborhood work and served as a planner, solving problems alongside community groups. I am also the executive director for Keep Greenville County Beautiful, an environmental nonprofit focused on beautification, removing litter, and recycling. I currently serve as the third vice chair for the Greenville County Democratic Party and vice chair for the United Way Young Philanthropist 20s group, as well as on other boards.
In December I will graduate with my master of public administration in community and economic development from the University of North Carolina-Chapel Hill. As a natural extension of my job in planning, I’d like to better inform policy and have dreams of running for office one day.
I have a wonderful and supportive husband, Jacob Pocta, and two dogs, Lily and Ruff, with a little girl on the way.
I currently work in Greenville County Long-Range Planning, where I’ve expounded on my neighborhood work and served as a planner, solving problems alongside community groups. I am also the executive director for Keep Greenville County Beautiful, an environmental nonprofit focused on beautification, removing litter, and recycling. I currently serve as the third vice chair for the Greenville County Democratic Party and vice chair for the United Way Young Philanthropist 20s group, as well as on other boards.
In December I will graduate with my master of public administration in community and economic development from the University of North Carolina-Chapel Hill. As a natural extension of my job in planning, I’d like to better inform policy and have dreams of running for office one day.
I have a wonderful and supportive husband, Jacob Pocta, and two dogs, Lily and Ruff, with a little girl on the way.