In the current study (see Executive Summary), many of these same reasons still resonate with the business community. 79% of businesses say that the arts increase name recognition while 74% say that the arts offer networking opportunities and the potential to develop new business. 66% say that the arts stimulate creative thinking, problem solving and team building. While half agree that arts support has the potential to increase their bottom line and slightly fewer believe that the arts can offer special benefits to their employees and that the arts can help recruit and retain employees.
Also according to the BCA survey, businesses do not predict a turnaround in overall charitable giving for 2010. 10 percent of arts supporters will increase giving to the arts in 2010 while more than twice as many companies expect to decrease giving. With limited philanthropic budgets, businesses are making strategic decisions about who to fund and how it fits with their business priorities.
Our challenge in 2011 will continue to be to send effective messages to the business community about how the arts are uniquely able to partner with businesses to advance their business priorities. Although the funding sources are limited as we move into 2011, the needs of our supporters remain the same.
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