An independent economic impact study of the inaugural Philadelphia International Festival of the Arts, from April 7 to May, 2011, concludes that the festival generated a total economic impact of $55.74 million with the Philadelphia region, nearly six times PIFA’s $9.7 in expenditures. According to the study, conducted by Philadelphia-based Urban Partners, the festival supported 710 full-time-equivalent jobs, produced a total tax benefit of $4.13 million to the city and state, and generated booking of approximately 13,000 hotel room nights in Philadelphia and its suburbs by festival attendees. The festival comprised 181 performances, attractions, and exhibits outdoors, and in venues ranging from the Kimmel Center to the Philadelphia Museum of Art by many Philadelphia-based arts organizations. J. Edward Cambron, who served in leadership roles at the Philadelphia Orchestra for more than 20 years, served as the festival’s executive director. To access the complete economic impact study, contact Ed Cambron at firstname.lastname@example.org or at 215-790-5893.
Posted August 12, 2011