2020 Economic Impact Assessment of Calgary Arts Sector
In 2022, Calgary Arts Development contracted KPMG, a leading global professional services firm, to independently conduct a revised economic impact assessment of Calgary arts organizations that receive Calgary Arts Development operating grant funding. The assessment measured recurring economic impacts resulting from the collective operating expenditures of these 166 operating grant recipients. This is an update to the 2018 Economic Impact Assessment.
The economic impacts relate to the direct and indirect impacts from the injection of dollars that result from the operating expenditures of these collective arts organizations. Types of operating expenditures include: salaries and benefits, production and equipment, fees paid to artists, rent and facility costs, marketing and communications, supplies, administration and other costs.
This study focuses on quantifying four specific dimensions of economic impact: value-added, (GDP), labour income, employment and government revenue.
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