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The crucial role of art in economic growth
25 Oct 2024
News
The arts play a crucial role in economic development, with investments yielding indirect and sometimes direct dividends—and Wisconsin would be wise to make more of these investments, speakers on a panel at the Wisconsin Economic Summit 2024 told the audience.
“Genius likes being around other genius,” and a thriving arts community will help attract brilliant residents across all sectors, said moderator Joe Kirgues, co-founder of gener8tor, the Madison-based business accelerator.
The panelists suggested that Wisconsin needs a better strategy to connect artists to economic development and investment opportunities to become a driver of a vibrant and competitive state economy. A Wisconsin Public Radio report earlier this year noted that Wisconsin invests 18 cents on a per-capita basis in the creative economy, compared to $5.15 in Illinois and $9.67 in Minnesota.
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