GRAND RAPIDS, Mich. - ArtPrize announced this morning it experienced a seven percent year-over-year increase in corporate fundraising, with more than 20 high-level funders committed to multi-year sponsorships, representing a total of $3.2 million in booked revenue through 2020.
Organizers made the financial and economic impact announcement Wednesday, April 18.
ArtPrize reported corporate sponsorships represent the largest and fastest-growing source of revenue for the 19-day event. This support funds ArtPrize’s $500,000 in cash prizes as well as nearly $300,000 in grants for artists, venues, curators and educators.
Organizers also said more than 522,000 people visited downtown Grand Rapids during the 2017 event, with guests originating from all 50 U.S. states and 47 countries -- and ArtPrize visitors created an estimated $33 million in net, new economic impact for the Grand Rapids’ business community.
ArtPrize looks forward to the continued success in 2018.
Artist registration for ArtPrize 10 is underway through June 7 at 5 p.m. The 19-day festival will run Sept. 19 through Oct. 7.
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