Homer Alaska - Letters

Story last updated at 4:31 PM on Wednesday, June 6, 2012

Arts: a good return on investment

According to Americans for the Arts, the nonprofit arts industry (museums, theater and dance companies, performing arts centers, orchestras, arts councils and others) generates $29.6 billion in federal, state and local tax revenues annually. By comparison, federal, state and local governments combined spend less than $4 billion on support for the arts each year. The financial return on governments investment in the nonprofit arts is, therefore, more than seven times the investment annually.

Bunnell Street Arts Center is a case in point. The city of Homer Grants Program through the Homer Foundation is the lever we use to grow our foundation of support on all levels. A dynamic formula of complementary funding sources fuels this art centers stability.

City support is the keystone, a critical feature of every grant we write, every sponsor we attract. Private funders, especially foundations look to the level of city support this arts center receives when making funding determinations. City support leverages nearly 400 percent more in total, when all grants are considered.

We thank the city of Homer and the Homer Foundation for their visionary partnership in fostering our cultural and economic ecosystem.

Asia Freeman

Executive/artistic director

Bunnell Street Arts Center