Report: Arts, culture have $5.6B impact in NM

Albuquerque

ALBUQUERQUE, N.M. (AP) – A study to be released by state officials shows the arts and culture industries have a $5.6 billion economic impact in New Mexico.

The state Cultural Affairs Department will release the report Wednesday afternoon during an event at the National Hispanic Cultural Center in Albuquerque.

Aside from detailing the dollars behind the state’s arts and cultural attractions, the report says there are shortfalls that need to be addressed if the state wants to realize even more of the sector’s economic potential.

The report challenges businesses, government agencies and nonprofit groups to find more ways to take advantage of the state’s strengths.

The commissioned study was done by the Bureau of Business and Economic Research at the University of New Mexico.

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