New National Data Reveals the Economic Impact of Museums Is More than Double Previous Estimates

With support from The Andrew W. Mellon Foundation, The American Alliance of Museums (AAM) has released a groundbreaking report, Museums as Economic Engines, which reveals that museums support 726,000 jobs in the United States, and directly employ 372,100 people, more than double that of the professional sports industry, according to the Bureau of Labor Statistics. The study, conducted by Oxford Economics shows that for every $100 of economic activity created by museums, an additional $220 is created in other sectors of the US economy as a result of supply chain and employee expenditure impacts. These impacts mean that museums contribute approximately $50 billion to the US economy each year, a number that’s more than twice previous estimates. 

READ THE FULL REPORT HERE