ART
WORKS IN S.C. - THE ECONOMIC IMPACT
In 2002, the South Carolina Arts Commission
announced the outcome of a new study from the University
of South Carolina’s Moore School of Business
Division of Research that says the cultural industry
in South Carolina is BIG business. The
report indicated that the cultural industry had a total
economic impact -- direct and indirect -- of $1.9 billion. The
industry also supported $700 million in earnings and
30,000 jobs statewide, or 1.6 % of all non-farm employment
In the fall of 2007, these numbers were revised
using 2006 statistics. The state’s cultural
industry overall generates $2.4 billion dollars or
more in economic output for the South Carolina economy,
including $766,249,688 in salaries and wages from
31,490 jobs. That is a significant return on
the state’s investment. Cultural
activities can be measured and are a significant
segment of the economy with complex linkages or multiplier
effects. Revised figures for 2006
are indicated below in bold lettering:
- South Carolina artists’ activities
supported a total of $25,451,842 in earnings,
up from $23,043,284; 957 jobs, up
from 870 jobs; and $151,743,478 of economic
output, up from $120,549,836.
- Festivals across the state, excluding
Spoleto USA, Piccolo Spoleto, their
largest expenditures were for personnel, materials
and supplies, and marketing. This spending
supports a total of $30,617,248 in labor
earnings, up from $27,719,877; 1,148
jobs, up from 1044; and $132,728,908
in output, up from $105,444,058.
- Charleston’s Spoleto USA and
Piccolo Spoleto spending supported
a total of $32,882,151 in labor earnings,
up from $29,200,138; 1,713 full-time
jobs, up from 1,628; and $85,343,366
in economic output, up from $67,799,479.
- According to data providing by the
State Department of Education,
expenditure by the schools, primarily in the
form of salaries, supports a total of $108,683,217 in
earnings, up from $98.398,308; 4,082
jobs, up from 3,712; and $244,619,606 in
output, up from $194, 333,580.
- Numerous types of cultural organizations that
were surveyed, including local arts councils, had
operations that supported a total of $164,571,888
in earnings, up from $148,998,123; 6,202
jobs, up from 5,639; and $534,893,422
in economic output, up from $424,936,314.
- The motion picture industry in South
Carolina’s direct expenditures
supported a total of $32,533,091 in wages
and salaries, up from $29.454,420; 1,640
jobs, up from 1,491; and $93,804,832 in
output, up from $74.521.536.
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