(MENAFN – EIN Presswire)
Economic Impact of National Cowboy & Western Heritage Museum
The National Cowboy & Western Heritage Museum significantly boosts the economies of Oklahoma City and the state, contributing $313 million over a decade.
“This study confirms that we are an economic powerhouse, driving nearly a third of a billion dollars into Oklahoma’s economy.” – Pat Fitzgerald, President and CEO
The Museum promotes cultural preservation while being a key economic driver. It will invest in projects that attract visitors locally and globally, supporting the economy further.
Key Findings
- Total Economic Impact (2019-2028): $313 million, including $170 million direct benefits and $143 million in spillover effects.
- Labor Income (2019-2028): $167 million to support families across the state.
- Tax Revenue (2019-2028): About $18.8 million in state and local taxes.
Oklahoma City Metro Area Growth (2023-2026)
Direct economic contributions are expected to rise from $20.3 million in 2023 to $26 million in 2026, supporting more jobs and increasing visitor spending.
Visitor Engagement
In 2023, the Museum welcomed 119,224 guests, with 59% from outside Oklahoma City, enhancing local spending on various services.
Capital Expenditures (2018-2023)
An investment of $18.3 million has led to $39.2 million in economic output, creating 296 jobs and generating $1.75 million in tax revenue.
“Live the Code” Capital Campaign
The $40 million campaign aims to enhance facilities and exhibits, forecasted to generate $62.2 million in economic output and support 469 jobs.
Conclusion
The National Cowboy & Western Heritage Museum is not just a cultural institution; it’s a vital economic asset for Oklahoma, continually contributing to the region’s prosperity.
About the Museum
The Museum, founded in 1955, showcases Western history and culture. For more, visit nationalcowboymuseum.org.
For inquiries, contact: Kerrie Booher, National Cowboy & Western Heritage Museum, +1 405-838-1867
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