Marketplace®

Daily business news and economic stories

Arts take the stage before lawmakers

The arts industry is appealing to Capitol Hill for more funding as thousands of arts groups face bankruptcy. Art professionals are hoping to get the government to understand the need for the arts, especially now. Danielle Karson reports.

Download

TEXT OF STORY

Renita Jablonski: Tim Geithner’s appearance on Capitol Hill may make for a bit of a show, but when it comes to the attention the arts are getting right now . . . needless to say, with more people staying home on the weekends, galleries, shows, and concerts aren’t welcoming as many visitors. The arts community will also take the stage before lawmakers today. Here’s Danielle Karson with that.


Danielle Karson: People always seem willing to spend money to forget their troubles, but arts donations are drying up, and thousands of groups are facing bankruptcy.

John Lynch, CEO of Americans for the Arts, says lawmakers need to understand the loss:

John Lynch: I want them to know this treasure — that helps kids, helps communities, helps the nation — is at risk.

Lynch says the arts industry employs 6 million people and generates $166 billion a year in jobs, ticket sales and tax revenue.

Lynch says he’s grateful that the National Endowment for the Arts is getting $50 million from the stimulus bill. But it’s just a start:

Lynch: Fifty million [dollars] is a tiny piece. They are in big trouble right now and need the help and the attention of the United States government just like every other industry.

Lynch is pushing for a billion dollars to help fire up the arts.

In Washington, I’m Danielle Karson for Marketplace.

Latest Episodes

View All Shows
  • Marketplace
    6 hours ago
    25:21
  • Make Me Smart
    9 hours ago
    15:13
  • Marketplace Morning Report
    13 hours ago
    6:55
  • Marketplace Tech
    18 hours ago
    11:06
  • Million Bazillion
    a day ago
    5:01
  • This Is Uncomfortable
    22 days ago
    2:27
  • Financially Inclined
    2 months ago
    12:30
  • How We Survive
    2 months ago
    22:09
  • The Uncertain Hour
    3 months ago
    22:50
  • Corner Office from Marketplace
    5 years ago
    20:58