Creative Santa Fe: Strengthening Santa Fe's Creative Economy
Economic Impact Study
In March, 2004, The University of New Mexico's Bureau of Business and Economic Research (BBER) completed a study entitled The Economic Importance of Arts and Cultural Industries in Santa Fe County. Among its findings were that Santa Fe's arts and cultural industries:
- Generate $1.1 billion in receipts annually
- Support 12,567 jobs (17.5% of total employment)
- Pay $231.5 million in wages and salaries
- Attract 78% ($814 million) of its revenues from outside Santa Fe County, bolstering our economy with new capital
- Contribute 39% of total inflow into our local economy annually
- Produce $22.6 million in City taxes and revenues: approximately $5 for every dollar the city spends on arts and culture
- Produce $13.4 million in County taxes and revenues
- Serve as the top contributors to New Mexico's economic development
- Exist as the highest per capita businesses in the county
- Make Santa Fe the second largest art market in the US, in terms of dollar sales
Download the BBER Report
- BBER Report – Executive Summary; pdf, 184k
- BBER Report – Part 1: Quantification of Economic Impacts; pdf, 608k
- BBER Report – Part 2: Qualitative Analysis of Relations Between Arts & Cultural Industries and Other Sectors of the Santa Fe Community; pdf, 472k
- BBER Powerpoint Presentation of Findings; pps, 368k
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