Several Atlanta business sectors generate $300 million in economic activity
While many metros have experienced minimal economic growth, Atlanta's nonprofit arts and culture industry has shown tremendous success. Those who invest in the homes for sale in Atlanta might have the opportunity to watch this sector significantly expand, as this segment recently provided $300 million in economic activity to the city.
"The arts and culture ecosystem contributes greatly to the economic vitality of the City of Atlanta," said Camille Russell Love, Director of the City of Atlanta’s Office of Cultural Affairs.
More than half of the $300 million comes from nonprofit arts and culture organizations, while the remaining funds were the result of event-related spending by attendees. A comprehensive Nationwide Arts & Economic Prosperity IV study described the revenue's impact, which supported 9,424 full-time equivalent jobs and delivered $27.5 million in local and state government funding.
The recent economic activity increase is a positive sign for homebuyers and sellers in Atlanta. The city's nonprofit arts and culture sector has grown, which indicates the local economy is gradually recovering.
Consider investing some of Atlanta's real estate to contribute to the city's economic growth.