Economist Adam Fowler highlights arts sector's $1.17 trillion impact on US economy

May 14, 2025 | California State Assembly, House, Legislative, California


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Economist Adam Fowler highlights arts sector's $1.17 trillion impact on US economy
The Joint Hearing of the Joint Committee on Arts and the Assembly Arts, Entertainment, Sports, and Tourism Committee convened on May 14, 2025, to discuss the vital role of arts in California's economy and culture. The meeting featured a series of presentations aimed at valuing and elevating the arts, highlighting their significance not only as a cultural asset but also as a substantial economic driver.

The session began with remarks emphasizing the importance of building partnerships that benefit young artists and filmmakers. Participants expressed hope for collaborative efforts that would enhance the arts landscape for future generations. The discussions underscored the belief that art is integral to California's identity, with references to the state's vibrant cultural heritage.

Adam Fowler, an economist from CVL Economics, was among the key speakers. He raised concerns about federal policy decisions that could undermine support for the arts and related sectors. Fowler highlighted the arts and cultural sector's substantial contribution to the U.S. economy, noting that it generated approximately $1.17 trillion in 2023, accounting for about 4% of the national GDP. He pointed out that this sector not only outperformed the national economy but also provided significant employment, with over half a billion dollars in wages and benefits.

Fowler's presentation emphasized the interconnectedness of arts, education, and economic activity, arguing that investments in the arts yield broad public benefits, including cultural preservation and innovation. He called for a clearer understanding of the arts' impact to strengthen arguments for sustained investment in this sector.

The meeting concluded with a call to action for continued support and advocacy for the arts, recognizing their essential role in shaping California's cultural and economic future. The committee expressed gratitude for the contributions of all participants and acknowledged the strong support for the arts within the legislative framework. As the session wrapped up, the focus remained on fostering partnerships and ensuring that the arts continue to thrive in California.

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