Economic Development
9 articles
Albuquerque Opens $73M Film and Media Training Facility
A $73 million film and media training facility, The Boiler Shop, grand opened at Albuquerque's historic Rail Yards.
Global Festivals Boosting Community Engagement & Heritage
In 2026, Indonesia's Dieng Culture Festival, already a Top 10 national event, will feature a Batur Sheep Festival alongside ancient rituals, showcasing a blend of heritage and local commerce.
Experience tourism boosts local economies, but at what cultural cost?
Estimates suggest 100 million new jobs will emerge in the global tourism sector over the next decade.
Micro-festivals unexpectedly boost local economies
In 2024, China's Chuxiong Torch Festival alone attracted 953,000 visitors, generating 757 million yuan in tourism revenue for a single localized event, according to Sciencedirect .
Global cultural heritage festivals build community impact in 2026
Each year, Musikfest alone attracts over 1 million people, according to ArtsQuest , while the Eisteddfod y Garreg Las expects 150,000 visitors, largely funded by £400,000 raised by local committees, r
What is the public art role in urban revitalization?
Alexander Calder's 'La Grande Vitesse' in Grand Rapids, Michigan, didn't just add a sculpture; it became a symbol of the city's downtown revitalization.
Hanover Supervisors Reject Data Center Project on Mountain Road
Hanover supervisors voted 4-3 to reject the massive Mountain Road data center project on June 1, 2026, after months of heated public hearings.
Rural Tourism Fuels Local Economies, Creates Jobs, Builds Resilience
In the first quarter of this year alone, rural tourism across the country welcomed 707 million visits, generating 412 billion yuan (about 57.
Culture-led urban regeneration boosts city economies
The Red River Cultural District in Austin, Texas, saw its annual economic impact surge from $380 million to nearly $530 million between 2021 and 2025, according to Red River Cultural District.