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John,
New York City is the artistic and creative epicenter of the country and, in many respects, of the world.
It’s where world-class art museums meet the ad firms of Madison Avenue, where high fashion struts among the sound stages of Astoria and the bright lights of Broadway (have you seen Suffs yet?), where news and culture and books and music are produced for the world, and where artists and creators come to make their name.
All these industries are more than just an agglomeration of cultural pursuits. They play an important role in our economy. In fact, our “Creative Economy” is a defining economic sector for New York City – on par with finance, real estate, or law.
That’s why my office conducted an Economic Spotlight report [[link removed]] on our Creative Economy (following up on our in-depth 2019 study [[link removed]] ). Though hard-hit by the pandemic, New York City’s Creative Economy has seen a strong and dynamic recovery. The Creative sector remains a bellwether of not only the city’s economy, but also of its resilience, wellbeing, and thriving future.
To add more color to the numbers, our office convened a Creative Economy Roundtable this week to hear directly from stakeholders in the industry – writers, producers, designers, artists, and more. The creativity of the people who contribute to our Creative Economy are critical contributors to the character of NYC.
Our roundtable was a forum where we shared ideas both big and small to help our office better understand what is important in the Creative Economy, and what policy decisions should be prioritized moving forward.
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We heard about the challenges of maintaining artistic spaces, ideas for how the City could make funding more transparent, and how we need to prioritize strengthening the City's creative infrastructure and expand upon the data we collect. And of course, we discussed how the cost of housing impacts the creative industry, pushing out freelancers and other workers.
Still, New York City’s Creative sector has emerged strongly from the pandemic – continuing to be a critical part of our city’s economy, wellbeing, and thriving future. It’s important to put energy towards considering how we can make sure NYC remains a place where creative people and creative industries feel welcomed and supported.
You can view the full breakdown of this industry on our Creative Economy Dashboard. [[link removed]] Of course, the numbers in our new Spotlight report represent a small part of this nuanced and diverse industry.
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As seen on our Creative Economy Dashboard [[link removed]] , the city’s sizable Creative Media segment (which comprises Publishing, Broadcasting, Media Streaming and related industries) saw employment surge by almost 20% by 2022.
And read our full Economic Spotlight [[link removed]] on the Creative Economy here. And, seriously, if you have an opportunity to see Suffs , do it before it closes in January!
Thanks,
Brad
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Office of the New York City Comptroller
Our mailing address is:
Office of New York City Comptroller Brad Lander
1 Centre Street
New York, NY 10007
United States
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