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Published On: Thu, Apr 25th, 2013

A study suggest, Native American art can boost the Phoenix economy

PHOENIX – Tribes in Arizona are in a position to help Phoenix improve its economy. Through the beauty of Native American art.

They can also purchase property and once it’s bought, through the US Department of Interior, they can request the Secretary’s Office of that purchased land and essentially turning into  Tribal Trust Land, reported the examiner.

This is detailed out in 25 CFR under Land Acquisitions. In Phoenix, vacancies in the Camelback Corridor are interested in making use of Native American Culture in attracting more visitors to the Camelback Colonnade.

“The economic impact of arts and culture organizations on Arizona’s economy is comparable to that of major sporting events. Businesses need to understand how they will benefit from providing greater financial and other support.” said, Robert L. Lynch President and CEO of Americans for the Arts.

Lynch also explained the impact it could have, “Understanding and acknowledging the incredible economic impact of the nonprofit arts and culture, we must always remember their fundamental value. They foster beauty, creativity, originality, and vitality. The arts inspire us, sooth us, provoke us, involve us, and connect us. But they also create jobs and contribute to the economy.”

According to Lynch, he claims “Arts & Economic Prosperity III provides compelling new evidence that the nonprofit arts and culture are a significant industry in the City of Phoenix—one that generates $361.05 million in local economic activity.” Adding, “This spending–$133.01 million by nonprofit arts and culture organizations and an additional $228.03 million in event-related spending by their audiences—supports 11,164 full-time equivalent jobs, generates $213.23 million in household income to local residents, and delivers $39.79 million in local and state government revenue. This economic impact study sends a strong signal that when we support the arts, we not only enhance our quality of life, but we also invest in the City of Phoenix’s economic well-being.” He said.

Most new businesses do not realize that there are economic opportunities and tax incentives in working with Arizona Tribes. Tourism among Natives of Arizona is revenue generating endeavor and helps improve tribal economies.

Arizona’s tribal lands produced direct spending of $310.5 million, plus indirect and induced impacts of $80.5 million, for a total economic impact of $391 million. Based on a study.

This created a total of 4,973 jobs on Arizona’s tribal lands.

According to the Terry School of Business, University of Georgia the buying power of Native American peoples will hit $30.4 billion dollars by the year 2016 and tribal businesses are tapping into that readily available financial source said, Terrance H. Booth.

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A study suggest, Native American art can boost the Phoenix economy