ACM News

Children’s Museums Contributed $5.5 Billion to U.S. Economy in 2016

New research from the Association of Children’s Museums shares the economic impact of children’s museums

ARLINGTON, VA (October 9, 2018)—According to new research released today by the Association of Children’s Museums (ACM), children’s museums contributed $5.5 billion to U.S. economic activity in 2016. This research is shared in the second volume of ACM Trends Reports, produced in collaboration with New Knowledge Organization, Ltd. These reports share findings from ACM’s study on the economic impact of children’s museums, funded by the Institute of Museum and Library Services (IMLS).

“Every children’s museum leader can tell story after story about how their institution has a positive impact on the lives of children and families in their community,” said ACM Executive Director Laura Huerta Migus. “Our new research on the economic impact of children’s museums will help our field tell the story of our financial impact as well, on the national, regional, and local levels.”

These three reports comprise the second volume of ACM Trends Reports. The reports explore the economic impact of children’s museums as it ripples across spending and jobs. The reports offer practical information for children’s museum leaders to share the story of their impact with stakeholders, funders, community members, and more.

ACM Trends Reports: Volume 2 Highlights

2.1: The Economic Impact of Children’s Museums: The Ripple Effect of Spending
Research found that $1.5 billion in children’s museum spending ripples out to create $5.5 billion in economic activity.

2.2: The Economic Impact of Children’s Museums: Our Jobs, Their Jobs, All Jobs
Children’s museums support approximately 57,000 jobs in the United States, with 41 percent of those found outside museum walls.

2:3: The Economic Impact of Children’s Museums: Region Matters
The location of a children’s museum affects its economic impact. This report shares how museums in the nation’s eight regional economies (defined by the Bureau of Economic Analysis) can calculate their regional job impact.  

The ACM Trends Reports series draws from more than a decade of ACM member data to reveal trends in the children’s museum field. The first volume of twelve reports was released between Fall 2017 - Spring 2018, and is available for sale on the ACM website. The second volume will be available free to ACM members, and priced at $15/report for nonmembers.

About Association of Children’s Museums (ACM)

The Association of Children's Museums (ACM) champions children's museums worldwide. With more than 400 members in 48 states and 20 countries, ACM leverages the collective knowledge of children's museums through convening, sharing, and dissemination. Learn more at www.childrensmuseums.org.

Tags: Institute of Museum and Library Services,, ACM Trends Reports, NewKnowledge, economic impact, children's museums, US museums