The Mayor’s Office of Media and Entertainment has released its report on the economic and cultural impact of Off Broadway and Off Off Broadway. It’s a fascinating look into how important this cultural sector is to the City of New York’s economy. In brief, the total economic impact of the “small theater industry” is $1.3 billion per year, providing over 8,000 jobs and over $512 million in wages.
The Broadway League has long measured the statistics for the Great White Way. Factoring in whatever impact the music industry contributes in live performance (and that would include cabaret), it’s clear that the overall contribution live performance makes to the economic health of the City is no small slice of the pie.
Here is part of Commissioner Anne del Castillo’s introduction to the report:
We are proud to present this in-depth look at a little-understood but all-important part of New York City’s cultural scene: Small theaters, theater companies, and the organizations that support them. As far as we know, the ALL NEW YORK’S A STAGE: NYC Small Theater Industry Cultural and Economic Impact Study is the first and most comprehensive of its kind. There are close to 750 small theater organizations throughout our city, generating more than $1 billion and supporting more than 8,000 jobs. Small venues and companies are also where some of the best, most creative theater is made and theatrical artists are formed.
To read the report in its entirety, click here.
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