Georgia Music Partners recently released a new study, “Economic and Fiscal Impact Analysis of the Music Industry in Georgia,” by noted economist B. William Riall, PhD. GMP sponsored the study, which is the first in-depth analysis of the state’s music industry since a 2006 Georgia State University study.
Key findings include:
- $3,777,861,628 total impact on the state’s economy
- 19,955 jobs (direct and indirect)
- $313,997,714 in taxes collected by state and local governments
- $126,269,724 collected by the state
- $187,727,990 collected by local governments
“The new study reconfirms that Georgia has one of the most robust music industries in the United States, providing good jobs for a significant number of our citizens and contributing to the economic health of the state,” said Pat Wilson, chief operating officer for Georgia’s Department of Economic Development.
Simon Horrocks, co-president of Georgia Music Partners, believes there is an inequity between the creative talent in the state and the supporting music business industry. “Georgia has the most diverse, world-famous renowned artists, but Los Angeles, New York City and Nashville are better known as music business hotspots. We believe Georgia has the right mix of talent, facilities and innovation needed to compete.” To download a compete copy of the study, visit georgiamusicpartners.org