Salt Lake County cultural industry, 2020

Salt Lake County's arts, culture, and entertainment industry (cultural industry) is comprised of a variety of industries, including jobs in the areas of design, entertainment, fashion, film, humanities, live events, museums, and traditional arts.1,2

Industry Snapshot June 2022 $4,755 $4,371 Salt Lake County Cultural Industry, 2020 Economic Contributions Salt Lake County's arts, culture, and entertainment industry (cultural industry) is comprised of a variety of industries, including jobs in the areas of design, entertainment, fashion, film, humanities, live events, museums, and traditional arts.1,2 In 2020, Salt Lake County’s cultural industry generated $4.9 billion in direct sales, which spurred an additional $4.2 billion in indirect and induced effects, for a total of $9.1 billion in total sales—or 9.7% of Salt Lake County’s 2020 GDP (see Figures 1 and 4). In addition, nonprofit sales made up a 3% share of all Salt Lake County cultural sales (see Figure 2). Figure 1: Salt Lake County Cultural Industry Output (Total Spending), 2016-2020 (In Millions of 2020 Dollars) $4,755 $4,718 $4,667 $4,755 $4,718 $4,667 $5,186 $5,560 $5,451 $5,410 $5,186 2016 $5,560 2017 $5,451 2018 2016 2017 $4,371 Direct 2018 $4,667 $4,221 $5,186 $5,560 $5,451 $5,410 $4,897 2016 2017 2018 2019 2020 Direct Indirect/Induced The industry supported an estimated 50,877 jobs in 2020, or 6.9% of the county’s total jobs (see Figures 3 and 5).3 Additionally, cultural industry employment generated a total of $2.9 billion in labor income.4 Salt Lake$4.9B County levies a 0.1% sales and use $159M tax to (3%) help support Nonprofit Revenue, Direct countywide recreation areas, arts, and parks organizations (RAP $4.9B tax). Figure 6 shows the county’s RAP tax revenue from 2018 to Direct $4.2B (9.7% of county GDP) 2020, as well as the estimated visitor-generated and residentIndirect/Induced All Other Revenue, $4,739M (97%) generated$4.2B portions. $9.1 billion $9.1 billion (9.7% of county GDP) Indirect/Induced 2 $4,221 2019 $4,221 26,409 Direct 24,468 2018 Indirect/Induced $4,897 2017 $5,410 2019 $4,897 2020 2016 Indirect/Induced 2019 2020 50,887 jobs (6.9% of county jobs) 50,887 jobs 24,468 Indirect/Induced 56,459 56,595 (6.9% of county jobs) 56,097 Local p 52,741 Direct Indirect/Induced Source: Kem C. Gardner Policy Institute analysis using IMPLAN economic model Figure 2: Nonprofit Revenue as Share of Total Cultural Industry Revenue, Salt LakeNonprofit County, 2020 $159M (3%) Revenue, Figure 4:Construction Salt Lake County Cultural Industry Output Indirect/Induced All Industries Cultural2020 (Total Spending), All Other Revenue, $4,739M (97%) All Other Revenue, $4,739M (97%) Source: CVS; Kem C. Gardner Policy Institute analysis using IMPLAN economic model 2020 2019 -0.5% Source: C. Gardner Policy Institute analysis using IMPLAN-0.3% economic model Trade,Kem Trans., & Utilities State sales tax, $47 2017 2018 $169.7 $155.2 $9.1 billion $168.6 3.9% 2020 50,87756,459 $4,718 2.5% $155.2 1.4% -8.2% 2018 2019 2020 $4,755 $169.7 Other 2017 Prof. &2016 Business Services State sales tax, $47 $4,371 -1.6% $168.6 -1.5% (9.7% of county GDP) 2018 2019 50,877 Kem C. Gardner Policy Institute 7.2% -10.6% Manufacturing $4.2B Nat. Resources & Mining 2016 2017 Indirect/Induced 2020 2018 2019 -2.0% Ed.n & Health Services Financial Activiites $167.9 $154.8 $4.9B Information Direct $167.9-16.8% Leisure $154.8 & Hospitality Nonprofit Revenue, $159M (3%) St 50,877 26,409 Direct Source: Kem C. Gardner Policy Institute analysis using IMPLAN economic model Direct $1 Figure 3: Salt Lake County Cultural Industry Jobs, 2016-2020 2020 $4,371 $4,718 56,459 $4,667 56,595 State income tax, $33 26,409 Direct State income tax, $33 State corp. tax, $7 other taxes, $8 50,887State jobs State corp. tax, $7 $4,221 Salt Lake City, Utah 84111 I 801-585-5618 I gardner.utah.edu I 411 East South Temple Street, 56,097 56,595 Local property 24,468 Indirect/Induced (6.9% of countyLocal jobs)other taxes, $5 State other taxes, $8 1 7 2017 Local 26,409 Direct 50,887 jobs 595 097 $4.9B Direct in Jobs Indirect/Induced Figure 7:Direct Year-Over Change by Sector, Salt Lake County, 2019-2020 $4.9B Direct $4.2B All Industries Indirect/Induced Construction $4.2B Cultural Indirect/Induced $9.1 billion (9.7% of county GDP)-2.0% $9.1 billion -1.6% 2.5% Information 1.4% Leisure & Hospitality -16.8% Manufacturing 26,409 Nat. Resources & Mining Direct Other 26,409 Prof. & Business Services Direct 24,468 Trade, Trans., & Utilities Indirect/Induced $9.1 billion Direct 7.2% (9.7% of county GDP) -10.6% Ed.n & Health Services Tax Revenue Tax revenue generated by cultural industry sales supports health and human services, public safety, education, and other statewide services. $4,755 $4,718 $4,667 $4,371 The $4.9 billion in direct Salt Lake County cultural$4,221 industry $169.7 $168.6 $167.9 $155.2 $154.8 sales generated an estimated $155.2 million in direct tax revenue, $4,755 $4,718 $4,667 $4,371 $4.9B $4,221 Direct in state and $60.1 million in local tax revenue (see or $95.1 million $5,560 $5,410 $5,186 $4,897 Figure 8). Of total direct tax $5,451 revenue, state sales tax composed $4.2B (9.7% of county GDP) 2016 2017 2018followed 2019 2020 tax the largest share$5,560 ($47.4 million), by local property $5,451 $5,410 Indirect/Induced $5,186 $4,897 2016 2017Figure 9).2018 ($37.3 million) (see In fact, the 2019 $18.3 million2020 in local Direct sales tax revenue made up a 5.5%Indirect/Induced share of estimated 2020 Salt 2016 2017 2018 2019 2020 Lake County sales tax revenue.5 -1.5% 50,887 jobs-0.5% (6.9% of county jobs) 50,887 jobs-0.3% 3.9% -8.2% of county jobs) Note: Cultural24,468 sector jobs have been(6.9% removed from other industry sectors to avoid duplication. Source:Indirect/Induced Kem C. Gardner Policy Institute analysis of Utah Department of Workforce Services and Chmura JobsEQ data Figure 8: Tax Revenue from Salt Lake County's Cultural Industry, 2016-2020 (In Millions of 2020 Dollars) Indirect/Induced State5: sales State income tax, $33 Figure Salt Lake County Cultural Industry Jobs, 2020 tax, $47 Nonprofit Revenue, $159M (3%) State corp. tax, $7 26,409 Direct 50,887 jobs State other taxes, $8 Nonprofit Revenue, $159M (3%) 24,468 Local property Indirect/Induced tax, $37 7 459 52,741 Financial Activiites ,595 7.2% 2016 2020 Pandemic Impacts (6.9% of county jobs) 24,468 TheIndirect/Induced cultural sector was Salt Lake County’s second hardest hit industry in 2020 after leisure and hospitality (see Figure 7). From 2019 to 2020, direct cultural sector sales were down 7.9%, jobs were down 10.6%, labor income was down 6.9%, and tax revenue was down 8.4%. ,459 1 097 56,097 Local other taxes, $5 (6.9% of county jobs) All Other Revenue, $4,739M (97%) Local sales tax, $18 All Other Revenue, $4,739M (97%) $24.7 2018 2017$154.8 $25.9 $168.6 2019 2018 $167.9 $1.3 $154.8 $167.9 $168.6 $169.7 $155.2 2016 2017 2018 2019 2020 2017 2019 2020 State income tax, $33 State corp. tax, $7 56,595 $30.5 56,459 $169.7 2018 tax, $47 State other taxes, $8 State corp. tax, $7 Local other taxes, $5 State other taxes, $8 $155.2 56,595 56,097 Local property tax, $37 $1.4 sales tax, $18$5 Local other taxes, Local property tax, $37 Source: Kem C. Gardner Policy Institute Utah State Tax Commission data Direct analysis of Indirect/Induced All Industries $155.2 State sales tax, $47 50,87756,459 $1.6 56,097 52,741 2018 2019 2020 Direct Indirect/Induced 2016 2016 52,741 Visitor-Generated 2017 2018 Resident-Generated 2019 2020 2017 2016 $169.7 Figure 9: Tax Revenue from Salt Lake County's Cultural Industry by Tax Type, 2020 sales State income tax, $33 (In State Millions) $32.1 2020 2019 $168.6 2016 Figure 6: Salt Lake County RAP Tax Revenue, 2018-2020 (In Millions) 2020 50,877 $27.3 $167.9 Source: Kem C. Gardner Policy Institute analysis using IMPLAN economic model Source: Kem C. Gardner Policy Institute analysis of Utah Department of Workforce Services and Chmura JobsEQ data using the IMPLAN economic model $26.1 $154.8 Local sales tax, $18 Source: Kem C. Gardner Policy Institute analysis using IMPLAN economic model -2.0% EndnotesConstruction 7.2% All Industries -2.0% Cultural -10.6% 1. This Salt Lake County profile assess the economic multiplier effects associated Construction 7.2% State sales State income tax, $33 with current or predicted level of sales generated by the cultural industry Ed.n &the Health Services -1.6% tax,county. $47 Activiites Cultural -10.6% in the Economic contribution captures the economic expanse of all Financial 2.5% cultural industry county spending and shows the relative reach and Ed.n & Health Services -1.6% Information 1.4% corp. tax, $7 magnitude of the industry in the Salt Lake CountyState economy. In contrast, Financial Activiites 2.5% Leisure & impact Hospitality -16.8% economic studies measure the changes in the size and structure of a State other taxes, $8 Information 1.4% region’sManufacturing economy that occur when vendors purchase and services -1.5% goods within the region with money generated outside theLocal region. Leisure & Hospitality -16.8% other taxes, Nat. Resources & Mining 3.9% $5 2. For thisManufacturing analysis, the Gardner Institute utilized 93 cultural arts industry NAICS -1.5% Other Local property codes provided by the Utah Cultural -8.2% Alliance and their advisory board of Local sales tax, $18 Nat. Resources &Services Mining 3.9% $37 and Prof. &tax, Business -0.5% economists economic development professionals to define the industry. Other -8.2% Trade, Trans., & Utilities -0.3% Prof. I N F&OBusiness R M E DServices D E C I S I O N S TM -0.5% Trade, Trans., & Utilities -0.3% 2 $32.1 Researchers entered industry codes into Chmura’s JobsEQ software tool to $27.3 $26.1 generate industry jobs and then entered jobs into IMPLAN economic model $32.1 Creative to produce jobs, labor income, industry sales, and tax revenue. $27.3 Vitality $26.1 Suite by Western States Arts Federation (WESTAF) provided industry $30.5 nonprofit information. $25.9 $24.7 full- and part-time private 3. Jobs include and public employment, and self$30.5 employment. $25.9 $24.7 is the sum of employee 4. Labor income compensation and $1.6 $1.4 (wages and benefits) $1.3 proprietor income. 2019 2020 5. Includes2018 local sales tax revenue only. $1.6 $1.4 $1.3 Visitor-Generated Resident-Generated 2018 2019 2020 Visitor-Generated gardner.utah.edu Resident-Generated I June 2022