Austin's creative sector has $4.35 billion economic impact
March 2012 – As part of a broader City of Austin focus on creativity and its role in the community, TXP evaluated the relationship between culture, creativity, and economic activity locally for the past decade. The role of the creative sector in Austin’s economy has grown substantially, accounting in 2010 for just over $4.35 billion in economic activity, over $71 million in City tax revenues, and almost 49,000 jobs. To put these results in context, the creative sector (as measured by employment) has risen by about twenty-five percent over the past five years, a pace more rapid than the ten percent growth for the local economy as a whole.
Click HERE to access a related story in the Austin American-Statesman.