DENVER (KDVR) — Music venues, artwork museums, theaters and different companies within the Colorado arts and leisure trade are receiving $7.4 million in COVID-19 financial aid.
Colorado Artistic Industries (CCI), a state arts company that’s a part of the Governor’s Workplace of Financial Improvement and Worldwide Commerce, introduced Monday that 722 grantees will obtain the cash.
CCI stated in an announcement that artistic industries, together with music, theater, dance, and visible arts, have been among the many hardest hit by the impacts of COVID-19. Estimates are that between April and July 2020, artistic industries as a complete misplaced greater than 59,000 jobs and $2.6 billion.
The estimated losses shrank the area’s artistic financial system by 31% when it comes to employment and eight% in annual gross sales income.
Earlier than the pandemic hit, artistic industries in Colorado generated $31.6 billion in gross sales of products and providers in 2019. This determine represents 4% of all items and providers offered inside the state, greater than mining or transportation.
“Colorado’s arts, tradition and leisure industries play a important position in our financial system and are important to our restoration and resiliency,” stated Colorado Artistic Industries Director Margaret Hunt. “The Colorado Arts Reduction program provides direct funding to the people, companies and organizations most severely impacted by COVID-19 capability restrictions.”
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