There is a growing body of evidence that thoughtful investment in arts and culture initiatives can generate significant economic benefits for cities large and small.
(Boonton, NJ, June 16, 2011) — Research indicates that communities reap benefits such as jobs, economic growth and improved quality of life via arts investment.
In a thought-provoking commentary in the June issue of Downtown Idea Exchange, author David Malmuth, president of David Malmuth Development, looks at data from a variety of sources and concludes that:
"In the current climate of reduced resources, it seems prudent to some policy makers to cut spending on "frills" like arts and culture. This inclination, however, is wrong-headed. The evidence, both academic and practical, strongly suggests that those with communities that continue to invest in their creative appeal will fare much better economically than those that do not."
You may read the full article at the Downtown Research & Development Center website at the Downtown Perspectives web page.
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About the Downtown Research & Development Center
For over 50 years, the Downtown Research & Development Center has acted as the information clearinghouse on practical strategies and tactics for revitalizing the hearts of our cities and towns.
The Group\'s main activities include publishing the widely influential Downtown Idea Exchange and Downtown Promotion Reporter newsletters; publishing relevant books and reports; and operating the DowntownDevelopment.com website.
Website: http://www.DowntownDevelopment.com