The $787 billion American Recovery and Reinvestment Act - also known as the economic stimulus bill - was passed by the House of Representatives and the Senate on February 13. It is expected to be signed into law by President Barack Obama.
Included in the funding are $50 million to be distributed by the National Endowment for the Arts to arts organizations throughout the 50 states.
A February 13 press release from the nonprofit organization Americans for the Arts included the following information from President and CEO Robert L. Lynch.
"The nation's 100,000 nonprofit arts organizations and their audiences generate $166.2 billion annually in U.S. economic activity. They support 5.7 million jobs and provide nearly $30 billion in government revenue. This economic stimulus will minimize the concern that ten percent of arts groups could close this year and helps save thousands of arts workers from losing their jobs."
To read the entire press release, please click here.