Economic benefits
Arts engagement (especially visual arts) amongst children has a strong correlation with later innovation and entrepreneurship.
Industries with stronger links to creative industries have stronger innovation performance.
Small, local and grassroots community and participatory arts programs have more sustainable positive results for community regeneration.
…BUT without longitudinal studies, we don’t know:
if higher levels of innovation are sustained after 6 months
if increased real estate prices leads to economic wellbeing for residents
Sources:
S. Tsegaye et al (2016) Everything We Know About Whether and How the Arts Improve Lives, Createquity.
G. Crossick & P. Kaszynska (2016) Understanding the value of arts & culture: The AHRC cultural value project,London: Arts & Humanities Research Council.
G. Marlet & C. Van Woerkens (2007) “The Dutch creative class and how it fosters urban employment growth,” Urban Studies 44(13): 2605-2626.
S. Sheppard (2017) The economic impact of MASS MoCA in 2017, Williamstown, MA: Williams College Centre for Creative Community Development.
S. Seifert & M. Stern (2013) Cultural ecology, neighbourhoodvitality, and social wellbeing – a Philadelphia project, National Endowment for the Arts.