The Denver Art Museum is located in the Golden Triangle Creative District.
Photo by Visit DenverAfter the pandemic shutdown of the Denver metro area’s economy, a slow recovery in the cultural community is notable, fueled by prodigious work by the cultural organizations and the steady funding of the Scientific and Cultural Facilities District (SCFD). The latest economic impact study from the Colorado Business Committee of the Arts (CBCA) shows a $1 billion increase to $3.1 billion from its pre-pandemic 2018 report.
Although attendance is still recovering, the SCFD is an economic powerhouse providing more than 14,000 jobs, an increase of nearly 3,000 since 2018. The growth in metro adult residents participating in cultural programs has doubled in the 35 years of SCFD existence and children attendance increased four times. Economic impact, with its employment component, is the major boost for the region’s hospitality and tourism industry!
Every two years since 1992, the CBCA in partnership with the (SCFD) conducts a study on the economic impact of the arts and cultural organizations funded by the SCFD in the seven-county metro area. In 1991, shortly after the District was established (1989), Deloitte Consulting conducted the first economic impact and activity study of the arts.
Ciruli Associates produced the report and A.B. Hirschfield Press provided the printing. Since then, a similar study sponsored by the CBCA has been conducted every two years, with the latest report just being released covering from 2025.
RELATED:
Colorado Business Committee for the Arts 2023 Study-Better News October 31, 2023
Five Hundred Cultural Supporters Celebrate the Economic Impact of SCFD funding November 20, 2018
SCFD – An Economic Powerhouse October 7, 2016
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