An initiative to invest in Haverhill's creative, cultural, and artist economy. The presentation highlights why investing in the arts is not only the right thing to do, but the smart thing to do for the local economy.
2. “The findings from Arts & Economic Prosperity III send a clear and
welcome message: leaders who care about community and economic
development can feel good about choosing to invest in the arts.”
- Robert L. Lynch President and CEO, Americans for the Arts
“As Chairman of the Oklahoma Chamber of Commerce, I visited almost
every city and town in the state. There is a visible difference in places
with an active cultural community. I see people looking for places to
park, stores staying open late, and restaurants packed with customers.
The business day is extended and the cash registers are ringing.”
- Ken Fergeson Chairman and CEO, NBanC Past President, American Bankers Association
3. But seriously what’s the ROI for
investing in the arts?
In Massachusetts: For every $1
invested in the arts, $5 goes back
into the local community.
- Mass Cultural Council (2016)
4. Case Study: Lowell
Many cities and towns have an “Office of Arts, Culture, and Tourism,” which is dedicated to boosting cultural events,
public art commissions, and tourism. Cities continue to fund these offices, because there is a significant return on
investment (ROI).
The Office of Cultural Affairs & Special Events is the official arts and
events agency for the City of Lowell. Established by City ordinance in
May 2008, CASE accomplishes its mission by planning yearly
community events including the 4th of July celebration, Downtown
Trick or Treating in partnership with Monster Bash, City of Lights,
Winterfest, and the annual St. Patrick's Day event. In addition, the
office of CASE provides logistical support for major events like the
Lowell Folk Festival, the Bay State Marathon, and the Southeast Asian
Water Festival. For smaller community events, the office of CASE
provides assistance with the public event permitting process.
Working together, COOL and CASE created the “Guide to Permitting
for Festivals and Special Events” to make the process of navigating
City services easier.
5. What has been the ROI for establishing Lowell’s COOL initiative
by City ordinance? Here’s what they accomplished, just last year:
Number of Lowell Events Promoted Annually 2,500
Number of Partner Organizations 260
Large-Scale Events (1,000-150,000 attendees)
Hosted and/or Permitted
13
Overall Attendance for Events and/or Permits
Annually
250,000
AMOUNT OF SPONSORSHIP DOLLARS
SUPPORTING CITY PROGRAMS
$211,000
COOL/ Cultural Affairs Grant Funding $18,748
Total Outside Funding (non-City) $229,748
*Note: “outside funding” does not calculate revenue generated from events and tourism.
More than a dozen
large scale events,
attracting business
downtown
¼ of a million guests in
attendance annually
Substantial private
sector investment:
$211,000
Total of 2,500 events
promoted annually
6. $137,170
The city of Lowell allocates
towards their Office of
Cultural Affairs, Arts & Special Events
8. We may not have the funding to develop our own
City “office for arts and tourism” (as we once had),
but Creative Haverhill is already doing much of
the described “COOL” (Lowell City Arts + Tourism
Office) work.
9. Haverhill is home to one of only 25 officially
designated Cultural Districts in the state of
Massachusetts!
12. Creative Haverhill provides the vehicle for achieving what Lowell’s City managed office has done.
Why are we better
positioned?
1. Creative Haverhill already exists - no need to
reinvent the wheel.
2. Most cities and towns put 1-3 people on the city’s
tourism and arts payroll, incurring additional costs
to the city. Creative Haverhill independently
operates on their own books, eliminating the
costs of bringing on more city employees.
13. So we have the
vehicle -- now let’s
accelerate it.
14. Securing and Accelerating Creative Haverhill
$700,000
5% of Meals Tax + 5% of Parking Fines Reinvested
Into Attracting More Customers for Local
Businesses Through Public Art & Tourism
$200,000
Meals tax: estimated
City revenue annually
Parking Fines: estimated
City revenue annually
.05
.05
$35,000
$10,000
$45,000
Invested into Creative Haverhill
15. A public-private partnership
● City of Lowell invests $137,000 in their office of arts and tourism. The
private sector in Lowell invests $211,000 into the arts and tourism.
● Haverhill will get the ball rolling with $45,000. Companies will collectively,
at the very least, match the $45,000.
● The good news: several companies already have a relationship with
Creative Haverhill.
A $90,000 boost to arts,
tourism, and economic
development.
16. Re-cap
● Creative Haverhill will remain an independent body, eliminating
the need to have more city employees.
● City of Haverhill establishes public-private partnership,
“ACT! Haverhill” – investing 5% of meals tax and 5% of parking
fines into Creative Haverhill, combined with corporate sponsors
that will collectively match the city’s investment.
● Creative Haverhill will use these funds to promote arts, culture,
and tourism, as a tool for Haverhill economic development.