Get the free CREATIVE ECONOMIC IMPACT REPORT FINAL 071415 - artsunited

CREATIVE ECONOMIC IMPACT REPORT July 2015 Prepared for Arts United of Greater Fort Wayne Bauer Center for Arts & Culture 300 East Main Street Fort Wayne, IN 46802 260.424.0646 arts united.org Raven

How to fill out creative economic impact report

How to fill out a creative economic impact report:

1. Start by gathering the necessary data and information related to the creative economic activity. This may include economic indicators, employment figures, revenue numbers, and other relevant statistics.
2. Identify the specific creative industries or sectors that are being assessed in the report. This could include areas such as visual arts, performing arts, design, media, or advertising.
3. Analyze the direct and indirect impacts of the creative economic activity on the local or regional economy. This involves examining factors such as job creation, income generation, tourism, and overall economic growth.
4. Use appropriate economic models or tools to estimate the economic contributions and multipliers of the creative industries. This may involve using input-output analysis, economic impact models, or other econometric techniques.
5. Consider the spillover effects of the creative economy on related sectors, such as hospitality, retail, or tourism. These spillover effects can help demonstrate the broader economic benefits of creative industries.
6. Assess the cultural and social impacts of the creative economic activity. This could include examining trends in community engagement, cultural tourism, or the preservation of heritage and traditions.
7. Present the findings and analysis of the creative economic impact report in a clear and concise manner. Use charts, graphs, and visual representations to enhance understanding and communicate key messages effectively.

Who needs a creative economic impact report:

1. Local and regional governments: Creative economic impact reports can assist policymakers in understanding the economic significance of the creative industries. This information can be used to guide strategic planning, policy development, and resource allocation.
2. Economic development agencies: These organizations can benefit from creative economic impact reports as they provide insights into the potential growth and investment opportunities within the creative industries. This information can help attract businesses and investors to a region.
3. Arts and cultural organizations: Creative economic impact reports can support advocacy efforts and fundraising initiatives for arts and cultural organizations. The reports can highlight the economic value generated by the creative industries, which can be used to justify funding requests or demonstrate the return on investment in the arts.
4. Researchers and academics: Scholars and researchers working in the field of creative economy may utilize these reports to enhance their understanding of economic trends, industry dynamics, and the broader impacts of creative activities.
5. Creative industry professionals: Individuals and organizations working within the creative sectors can benefit from understanding the economic impact of their work. This knowledge can aid in business planning, marketing strategies, and decision-making processes.

In conclusion, filling out a creative economic impact report involves gathering and analyzing relevant data, estimating economic contributions, assessing cultural and social impacts, and presenting findings effectively. These reports are valuable for various stakeholders, including governments, economic development agencies, arts organizations, researchers, and professionals in the creative industries.

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What is creative economic impact report?

The creative economic impact report is a document that measures the economic contributions of the creative industries in a particular region or sector.

Who is required to file creative economic impact report?

Creative businesses, organizations, and individuals involved in the creative industries are usually required to file a creative economic impact report.

How to fill out creative economic impact report?

To fill out a creative economic impact report, one must gather data on revenue, employment, expenditures, and other economic indicators specific to the creative industries.

What is the purpose of creative economic impact report?

The purpose of a creative economic impact report is to showcase the economic importance of the creative industries, attract investment, and inform policy decisions.

What information must be reported on creative economic impact report?

A creative economic impact report typically includes data on revenue, employment, exports, contributions to GDP, and other economic indicators relevant to the creative industries.