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New study reveals Culture & Tourism in Connecticut account for more than
$14 BILLION
In Economic Activity
HARTFORD, Conn. (December 7, 2006) - A new study released by the Connecticut Commission on Culture & Tourism (CCT) reveals that arts, film, history and tourism account for more than $14 billion in economic activity and more than 170,000 jobs - 10 percent of the state's labor force - annually in the state. This is the first study to
examine the combined economic impact of CCT's four divisions.
"Culture and
tourism enhances Connecticut on numerous levels today - creating new
industries and jobs and bringing in revenue to the state, and also
enriching our lives and the overall quality of life in our state," said
Governor M. Jodi Rell. "Connecticut is committed to ongoing investment
in the arts, history, film and tourism as we constantly strive for ways
to improve our economy and the state and local levels. Today's report
confirms that we are not only on the right track, but on target for
better and better results." researched and compiled by the Connecticut
Center for Economic Analysis (CCEA), "The Economic Impact of the Arts,
Film, History and Tourism Industries in Connecticut" finds that in 2004
these industries together generated more than $9 billion in personal
income for state residents and more than $1.7 billion in state and
local revenue. Direct, indirect and induced spending related to culture
and tourism account for 7.6 percent of the gross state product and 6.9
percent of state and local revenue.
Without the culture and tourism industry, the state's unemployment
level would increase from its 2004 level of 4.43 percent to 14 percent.
And as a result of culture and tourism's contribution to Connecticut's
economy, each household saves $196 in taxes each year. "This study
demonstrates thatConnecticut's return on investment in culture and tourism is
profound," said Jennifer Aniskovich, Executive Director of the
Connecticut Commission on Culture & Tourism. "To distinguish itself
as a sought-after destination, exceptional place to do business and an
enviable place to call home, our state must continue this investment."
Stan McMillen, Ph.D., associate director of CCEA and the study's
principal investigator, said the study calculates that every dollar
appropriated to CCT returns $9.30 in net state and local revenue; $507
in gross state product; and $328 in personal income. "Culture and
tourism not only creates jobs, but supports industries that would not
otherwise exist," McMillen said.
The total economic impact of Connecticut's culture and tourism industry
(171,023 direct, indirect and induced jobs) exceeds the combined
economic impact of than the state's aerospace industry (94,812 direct,
indirect and induced jobs) and pharmaceutical industry (26,321 direct, indirect and induced jobs). The culture and
tourism industry also accounts for significantly more gross state
product ($14 billion) than either the aerospace ($11 billion) or
pharmaceutical ($3.9 billion) industries.
About:The Connecticut Commission on Culture and Tourism (CCT) was
created in 2003 in order to take advantage of the opportunities for
collaboration, coordination and growth in the arts, historic
preservation, tourism and film. CCT operates as a grant making agency
and the entity charged with promoting Connecticut to travelers. CCT devotes its resources to serving Connecticut's assets and individuals
through funding, technical assistance, and promotion. The Arts
Division develops and strengthens the arts in Connecticut and make artistic experiences widely available to residents and visitors.
Through its grant programs, the division invests in Connecticut artists
and arts organizations and encourages the public's participation as
creators, learners, supporters and audience members. Through its
programs and services, the division connects people to the arts and
helps to build vital communities across the state.
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