NEFA Announces 2011 report on nonprofit sector impact |
New England's cultural nonprofits strong despite economic downturn
The 2011 report, New England's Creative Economy: Nonprofit Sector Impact, continues NEFA's focus on the economic impact of the nonprofit subset of the creative economy. These organizations contribute to the unique cultural fabric of New England and have a positive impact on their commercial neighbors - investing in space, staff, events, utilities, visitors and more. The data analyzed in the report is stored in the CultureCount database, where NEFA warehouses lists of New England nonprofit cultural organizations and their public financial data. This year's report also features profiles of creative nonprofits from each New England state to illustrate the sector's economic and community impacts.
Report highlights From the world famous museums in Boston to the smallest historic society in Downeast Maine, from performance centers in Vermont to design schools in Rhode Island, and libraries all across the region, these vital, community-based organizations play a special role in building and maintaining New England's quality of life.
Cultural nonprofits contributed to the region's economy in 2009 by: - spending nearly $3.7 billion and supporting over 53,000 full- and part-time jobs;
- increasing their number and spending since 2007, proving the sector to be less subject to the cyclical ups and downs of the overall economy than the average New England business;
- generating a total economic impact on the broader New England economy of over $8 billion in revenue for regional businesses and over 83,000 jobs for regional workers.
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Vermont's creatives show characteristic resilience In the aftermath of Hurricane Irene, Vermont's creative sector is demonstrating its resilience and resourcefulness. Although many of the state's arts organizations have been impacted, musicians are organizing flood benefits and the Vermont State Fair in hard-hit Rutland went on as scheduled. Vermont Arts Council is collecting an inventory of the state's cultural infrastructure to understand the impacts of the storm. Share information about cultural facilities affected by Irene.
Other New England residents and businesses that were affected by the storm can apply for state assistance as well as low-interest loans from the U.S. Small Business Association. Click here for more information on SBA disaster assistance
Helena Fruscio named new Creative Industries Director for Massachusetts
We are thrilled that our friend and colleague Helena Fruscio of BerkshireCreative is taking up the position of Creative Industries Director for the state of Massachusetts. We are lucky to have Helena contributing her creative and entrepreneurial spirit to the task of strengthening the creative economy of Massachusetts and we know this will benefit the entire region.
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NEFA Nonprofit Financial Survey is open
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Submit your 2010 financial data!
The survey is especially designed to gather financial data from those who don't file an IRS form 990 and have not submitted a profile to the Cultural Data Project (available in MA, RI & VT). Complete the survey and make sure you're counted!
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