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AGENCY TESTIMONY
The cultural sector's significance to New York City's economy and identity
0:11:56
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Commissioner Cumbo highlights the critical role of the cultural sector in New York City's economy and identity, emphasizing its economic impact and the need for broader support beyond local government.
- Cultural institutions are described as economic drivers and sources of what makes NYC great
- In 2019, the creative sector had a $110 billion total economic impact and employed 300,000 workers
- The Adams administration has made record-setting investments in culture
- Local government alone cannot solve the sector's problems
- There's a need to address broader trends in philanthropy and corporate giving
- Cultural institutions are described as bedrocks of communities and sources of education and inspiration
- These institutions played a crucial role in the city's recovery from the pandemic
Laurie Cumbo
0:11:56
They're economic drivers.
0:11:58
They're the source of so much of what makes our city great.
0:12:01
In 2019, the creative sector had a $110,000,000,000 total economic impact and employed 300,000 workers.
0:12:09
We are proud of our record setting investments and culture under the Adams administration.
0:12:14
This year's budget is an all time record high, much larger than even pre pandemic levels, thanks to our partnership with the city council.
0:12:23
But as I said, local government cannot solve these problems alone.
0:12:27
We want to serve as a resource for addressing these broader trends in philanthropy and corporate giving.
0:12:33
We need to find the right solutions because our art and culture institutions are the bedrocks of our communities and sources of education, inspiration, and so much more.
0:12:44
These institutions helped bring us back from the brink from the pandemic.
0:12:48
Now we need to be there for them so that they can support these and so many other critical jobs for New Yorkers in the arts.