ArtPrize is an annual open-art competition that debuted in 2009. The event showcases artwork of various formats by artists from around the globe in venues throughout the City of Grand Rapids. In its third year, ArtPrize hosted 1,582 artists from 36 countries and 42 states, at 164 different venues. Cash prizes totaling $484,000 were given away to the top ten artists (as decided by public vote), with the top prize being $250,000.
ArtPrize provides economic, social, and cultural benefits to the Grand Rapids area. Experience Grand Rapids retained Anderson Economic Group (AEG) to measure the economic impacts of ArtPrize 2011. The purpose of this analysis is to quantify the economic impact that ArtPrize has on the Grand Rapids area and the local economy. This report also discusses the cultural and long-term benefits of the event to the area. We measure these impacts in the Greater Grand Rapids region, which, for the study, we define as Kent and Ottawa counties.