THE BUSI­NESS OF ART

Santa Fe New Mexican - Chamber of Commerce Directory - - TABLE OF CONTENTS -

In terms of dol­lar sales, Santa Fe is among the largest art mar­kets in the U.S. ac­cord­ing to a study by the Univer­sity of New Mex­ico’s Bureau of Busi­ness and Eco­nomic Re­search (BBER). The more than $800 mil­lion that arts and cul­tural tourism bring into the com­mu­nity may ac­count for as much as 39 per­cent of the to­tal in­flow into the lo­cal econ­omy. Arts and cul­ture in­dus­tries (ACIs) pro­duce over $20 mil­lion in taxes and other rev­enues to the City of Santa Fe – about $5 for ev­ery $1 that the city spends on arts and cul­ture. The city boasts the largest pro­por­tion of artists, per­form­ers and writ­ers as a share of lo­cal em­ploy­ment of any U.S. city.

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