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Huebner, Debbie <br />To: Deckert, Annie <br />Subject: RE: ArtSoup- economic benefit <br />Subject: Re: ArtSoup- economic benefit <br />On May 9,-2012, at 5:00 PM, "David Raymond" <raymond.d~C~~mail.com> wrote: <br />> Hi Annie, <br />> I am happy to have seen you today! As we said at the meeting, our survey in the past has been less formal than would <br />be desirable however we do know the following. <br />> Economic impact of ArtSoup: <br />> Arts Alliance budget for ArtSoup is approximately $20,000. <br />> This comes in part from donations by local businesses and individuals. Other income is earned through Ad sales and <br />promotions and fees paid by the participating artists. Some of the funding come in the form of grants from the Central <br />MN Arts Board. A large part (about two-thirds) of this budget goes right back to the local community to cover needs for <br />the festival. Only about a third of the budget ends up going to concerns that are outside our area. <br />> An estimated $6,000 in total is earned by participating artists who sell their art during the festival. Almost all of these <br />artists live in or near our community. <br />> Restaurants participate by offering food outside their shops during the festival instead of having outside vendors come <br />into town. <br />> The other downtown businesses benefit by having a large number of people (estimated at about 2200) coming into <br />town where they have a chance to see what is available. <br />The Arts Alliance has heard from several (McCoy's Pub, Sweet P's Ice Cream, Antiques Downtown) that business during <br />ArtSoup is increased significantly. <br />> The other intangible is the sense of community ArtSoup helps build by bringing the public downtown. <br />> If there is any other way I can help, let me know! <br />> David <br />