2005 U.S. Cultural & Heritage Tourism Summit
Mark A. Shugoll, Chief Executive Officer, Shugoll Research
L'Enfant Plaza Hotel
Washington, DC
October 7, 2005
Do You Know This About Business?
- There are more than 13 million companies in the United States. About 11 million can give.
- 96% are small and midsize - annual revenues of less than $50 million.
- 89% of the businesses in the United States employ 40 individuals or less.
Do You Know This About Business Support to the Arts?
- Business gave a record $3.32 billion to the arts in 2003.
- 49% came from businesses with annual revenues of less than $1 million.
- 40% came from businesses with annual revenues of $1 million to $49.9 million.
- 11% came from businesses with annual revenues of more than $50 million.
- 93% of all business support to the arts remains in a company's operating community.
- 61% of companies have never been asked to support the arts.
Why Don't More Small Businesses Support the Arts?
Because they:
- Do not understand the need - or rewards.
- Do not have contact with individuals from arts organizations.
- Do not understand the value of the arts to:
- the economic vitality and quality of life of a community.
- their employees, customers, clients and their families.
- K-12 education and improved SAT scores.
- the success of business.
- Are seldom or never asked for support.
Business Support to the Arts Is Good for Business
- 88% of respondents are more likely to purchase products or services from companies that support the arts than those that do not, with all factors being equal, including price and quality.
- 95% of respondents view a company more positively if it supports the arts.
- 93% of respondents would rather work for a company that supports the arts over one that does not.
- 94% of respondents feel that without business support for the arts, the quality of life in their community would decline.
Call To Action
- Identify small and midsize businesses in your community.
- Get involved in the community and get to know these companies.
- Build relationships with small and midsize businesses.
- Make the case for the value of the arts and cultural tourism.
- Ask these businesses to invest in your organization and its projects.
