Blog Posts for Arts & Business

A Step beyond the Stats: The Miraculous Impact of Music on the Mind, Body and Brain

Posted by Dr. David V. Mastran, Oct 01, 2018 0 comments

We’ve all seen the extraordinary figures released earlier this year by the National Endowment for the Arts and the U.S. Bureau of Economic Analysis: The arts and cultural sector contributed over $760 billion to the U.S. economy in 2015. Staggering statistics, to be sure; indisputable in their depth and breadth. But within and behind these statistics lie stories—stories about human capital and the limitless power of the arts to transform, to teach, and to trigger the brain to soar and to accelerate well beyond its own limits. What falls beyond these extraordinary figures—and here, I refer to music and music education in particular—is a piece of knowledge that is at once as simple as it is profound: Music matters.

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Americans Speak Out About the Arts in 2018: An In-Depth Look at Perceptions and Attitudes About the Arts in America

Posted by Mr. Randy I. Cohen, Sep 27, 2018 0 comments

In a society struggling to find equity and social justice, Americans believe the arts improve the quality of our communities. How do we know? We asked. Americans Speak Out About the Arts in 2018 is the second in a series of national public opinion surveys conducted by Ipsos on behalf of Americans for the Arts. One of the largest ever conducted, it gauges the public perspective on (1) personal engagement in the arts as audience and creator, (2) support for arts education and government arts funding, (3) opinions on the personal and well-being benefits that come from engaging in the arts, and (4) how those personal benefits extend to the community. Here are some findings of the survey. 

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Breaking Down the South Dakota v. Wayfair Decision and Its Impact on the Arts and Small Business

Posted by Ms. Kate O. McClanahan, Sep 17, 2018 0 comments

On June 21, 2018, the U.S. Supreme Court issued its opinion in the case South Dakota v. Wayfair. In essence, the Court ruled that state and local governments can require retailers with no physical presence in the state to collect sales tax on those sales. The Court ruled that the standard for determining the constitutionality of a state tax law is whether the tax applies to an activity that has “substantial nexus” with the taxing state; i.e., the Court threw out a previous requirement for “physical presence.” Previously, if the vendor didn’t have physical presence in the state where the buyer was, there was no requirement on the business to collect the tax.. Now, practically, how does a seller know in which state to collect tax? Is it where the seller is shipping it? Is it the billing address? And what does this mean for artists and art sellers?

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The Path to Financial Fitness: Membership is Free

Posted by Charles Wright, Aug 27, 2018 1 comment

Is a secure financial future possible if you pursue a life in the arts? The answer’s a resounding “yes.” The savviest arts professionals recognize that financial wellness is critical to creative freedom and career longevity. People in the arts have often had less access to financial planning resources than those in business and industry. To address this gap, Darren Sussman, co-founder and former president of TheaterMania & OvationTix, recently established The Institute of Financial Wellness for the Arts to offer artists and arts organizations free financial education and planning solutions to enhance fiscal fitness. 

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From Ballet Dancer to Small Business Owner

Posted by Ms. Gloria Kutternig, Aug 23, 2018 0 comments

I truly believe that my background in the performing arts has taught me the fundamentals in discipline, focus, and drive to achieve great heights of success. Tasting it is only sweeter because I have climbed the ladder to get there. There were always controversies, financial difficulties, mistakes, failed romances, criticisms, indecisions, and the eternal journey of growing up and identifying who you are. Despite these difficulties, I chose to dance because I believed I had a gift to share. Twenty-eight years ago, I also believed that I could be an asset to my husband as his business partner. I have no college degree to boast of, but I am an owner of a very successful, thriving small business.

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Standing at the Intersection of Business and Society: Reflections from a Place where Nature and Modernism Co-exist

Posted by Mr. Michael Bzdak, Aug 17, 2018 0 comments

Earlier this month, I was thrilled to spend three days in Aspen, Colorado to experience a rich diet of intellectual dialogue, immersion in unspoiled nature, and innumerable opportunities to discuss and debate the critical role that business plays in society. As both an academic and CSR (corporate social responsibility) practitioner, the experience provided an opportunity for me to reflect on the history of the Aspen Institute as well as my personal role in understanding and teaching the many dimensions of how the private sector can be a positive catalyst for societal change. The experience also reminded me that business has played a critical role in supporting and promoting the arts in America. Although we cannot re-create the context, inspiration, and leadership that led to the creation of the Aspen Institute, we can all be pioneers in encouraging new models of corporate cultural responsibility where the arts enjoy secure and sustainable support from the private sector.

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