Creative Industries Economic Activities Study
Every two years, the Colorado Business Committee for the Arts conducts a study that investigates the economic and social contributions made by various arts, cultural and scientific organizations in the Denver Metro area. The most recent results were released on October 5, 2016 at a breakfast event at the Seawell Grand Ballroom, which was attended by Dave Ratner(of the Creative Law Network) and other professionals in the Denver music and arts scene.
The results from the 2016 study indicated that the cultural community continues to have a significant economic impact in Colorado. While overall economic activity didn’t have much fluctuation between previous years, arts, cultural and science organizations generated about half a billion dollars into the regional economy. Additionally, cultural tourism is at an all-time high, and contributed approximately $367 million.
As a result of this continued support, more jobs and higher payrolls within these industries have emerged. Newer organizations in the creative fields are constantly forming, which has increased the need for services provided by entertainment law firms.