Economic Impact Study
In 2015, the Texas Music Office commissioned the first of a series of studies on the impact of the music business on the Texas economy.
The results were incredibly conclusive concerning the strength and impact of music business within the state:
- Combined, music business and music education directly account for over 90,000 permanent jobs, $3.2 billion in annual earnings, and just under $7.5 billion in annual economic activity.
- The ripple effects associated with the direct injection related to music business and music education bring the total impact (including the direct effects) to over 160,000 permanent jobs, $5.7 billion in earnings, and $17.4 billion in annual economic activity. The State of Texas also realizes over $280 million in tax revenue from these impacts.