Cincinnati Arts Organizations Could Lose $30 Million Due to COVID-19, Says ArtsWave

"The arts sector was one of the first local industries hit economically by the coronavirus crisis, when venue and performance closures were mandated in early March," they say

Know Theatre is just one of 100+ local organizations that receives funding through ArtsWave - Photo: Dan R. Winters
Photo: Dan R. Winters
Know Theatre is just one of 100+ local organizations that receives funding through ArtsWave

Local funder ArtsWave recently released a statement estimating that Cincinnati area arts organizations could lose more than $30 million as a result of COVID-19 closures and cancelations — if the institutions aren't able to reopen and resume events and public performances this summer.

That number comes from a survey they took of more than 60 area nonprofit arts organizations and "other feedback mechanisms."

"The arts sector was one of the first local industries hit economically by the coronavirus crisis, when venue and performance closures were mandated in early March," says a release. "To date, ArtsWave has tracked over 200 events through May that have been canceled, postponed or delayed, due to the pandemic. Several hundred arts and culture workers have been laid off or furloughed."

They give this as the number of performers, artists and staff typically employed by the region's nonprofit arts institutions: 10,000.

To help keep the arts here afloat, the charity made $2.4 million in payments to 44 Greater Cincinnati organizations via its ArtsWave Community Campaign through the end of March, and accelerated other emergency grants and interest-free loans. 

The ArtsWave Community Campaign launched its annual drive in January and hopes to raise $12.4 million; it's currently at $8.2 million. And, obviously, they'd like more people to donate so they can continue to help. 

On their giving landing page, they state: 

"During this crisis, ArtsWave is accelerating grant payments, expanding no-interest loans to nonprofits and providing emergency grants for arts organizations to stay in business. Your gift to ArtsWave is more important than ever, as we step up together to help over 100 local organizations and projects."

Just like it is for restaurants and bars and any other local businesses, the goal is to have art events to attend when we can leave our homes and gather together again.

"ArtsWave is developing a post-crisis Arts Recovery Plan that focuses on the long-term health of the sector and its impact on the Cincinnati region’s overall economic vibrancy," reads a release. "The longer that people are asked to stay at home, the more challenging it will be for the arts to restart."

If you are an arts nonprofit, ArtsWave has also created COVID-19 Toolkit, which lists resources and how to find and apply for funding at federal and state levels.

  

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