What is the real value of the Shakespeare Theatre in Stratford?
In Seattle, the nonprofit arts and culture sector is worth $447.6 million annually, according to a study released by its mayor. (See full article: http://ow.ly/btciT)
Stratford’s population is 8.5% of Seattle’s 600,000. Seattle’s median household income is about $4,000 less than Stratford’s $64,364, according to the 2010 census data.
So, a city that has a little less disposable income to spend still benefits from having a vibrant nonprofit arts community. With all other considerations equal, what are the possible benefits should Stratford follow the same arts-support model that Seattle does?
Fulltime Equivalent Jobs:
Seattle 10,807
Stratford 919
Revenue to local and state government
Seattle $38,200,000
Stratford $3,247,00
Annual Economic Activity
Seattle $447,600,000
Stratford $38,046,000
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