The Creative Economy
The creative sector of Colorado’s economy is the 900-pound gorilla that few have really noticed until now. According to a new study by the Colorado Council on the Arts, this sector is the fifth-largest of the Colorado economy, directly employing more than 122,000 people – plus another 75,000 supporting these creative enterprises.
The true story of the impact of the creative economy is not just shown in the direct employment figures, however. There is a multiplier effect, where each creative enterprise job contributes to additional jobs and revenues for other firms-like yours. If you own a restaurant or other business near an arts district, you are directly benefiting from the traffic generated by the creative sector. For some Colorado towns, like Creede, the arts community is vital for the area’s survival.
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