2016 Music Industry Snapshot: Economic Impact of Music in Buncombe County

The 2016 Music Industry Infographic for Buncombe County distills key findings from an in-depth economic impact study conducted by the Asheville Area Chamber of Commerce and the Economic Development Coalition. The data reveals the music sector’s powerful role in the local economy—both as a job creator and cultural driver.

Highlights from the Report:

• 3,391 jobs were created or supported by the music industry
• For every direct music-related job, an additional job was supported in the local economy
• $96.4 million in labor income was generated for Buncombe County households
• The sector accounted for $171 million in Gross Regional Product and $383.4 million in total output

Growth & Specialization:

• From 2010 to 2016, employment in Buncombe County’s music industry grew by 52%, significantly outperforming national trends
• The region’s music sector was found to be twice as specialized as the national average
• Music-related employment grew 4x faster than expected over the six-year period

Tax Contributions:

• The local music industry generated an estimated $33 million in tax revenues, including:
• $10 million in state and local taxes
• $22 million in federal taxes
• These revenues support essential services like public safety, infrastructure, and community development

This snapshot illustrates the immense value of music as both a cultural and economic asset to Buncombe County. It provides a foundation for future advocacy, investment, and strategic planning to ensure the continued growth and sustainability of the local music industry.

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