We all know intuitively that the arts enrich our lives, but new figures from the National Endowment for the Arts (NEA) and the U.S. Bureau of Economic Analysis put some hard numbers to that sentiment.
In a new report, the NEA says that the arts contribute $763.6 billion to the U.S. economy, more than agriculture, transportation, or warehousing (take that, warehousing). Roughly 4.9 million workers across the country are employed in an artistic field earning more than $370 billion.
And with President Trump upset about America’s trade deficit, he’ll be happy to learn that the U.S. is a net exporter of artistic products, running a $20 billion surplus.
As for photography and photo-finishing services, the NEA found that they contributed $10.2 billion to the U.S. economy in 2015 (the most recent year the survey canvases). From 2012-2015, this sector enjoyed a growth rate of 2.9 percent.
For Subscribers: We Ask Photographers, How’s Business?
Photographer Jill Greenberg has launched an online directory in an effort to promote women photographers for advertising jobs, film and television key art, and magazine covers. Called Alreadymade, the platform serves as a resource for clients looking to hire experienced women photographers. To be included on the site, photographers have to have shot at least... More ›
What GDPR means for photographers. More ›
Beware of operating your photography business as a sole proprietorship, advises attorney Aaron M. Arce Stark in “Making Your Photo Studio an LLC: The Pros and Cons.” He explains: “Let’s say a client hires you to shoot an assignment. When it comes time to pay, the client writes you a check and addresses it to... More ›