Ohio’s independent stages pack $3 billion punch, but only one in five turn profit
On Wednesday, state and local leaders joined music advocates to underline a paradox at the heart of Ohio’s live music scene: Independent venues and festivals are driving billions in economic activity, yet most operate on the thinnest of margins.
New report shows impact, struggles of Ohio's music venues
A new report shows that Ohio’s small music clubs are rocking – for the most part. The National Independent Venue Association’s The State of Live report released Wednesday shows Ohio’s 312 clubs had an economic impact of more than $3 billion last year.
Ohio's independent music and event venues seek lifeline as few were profitable last year
According to a new report from NIVA, dubbed the “State of Live,” it's estimated that a mere 20% of indie music venues, festivals and events businesses in Ohio were profitable in 2024.
Just 1 in 5 Ohio Independent Music Venues Were Profitable Last Year, Report Says
But a new bill heading through the Statehouse, pushed by State Senator Kent Smith, could help change that with rebates on alcohol taxes.
Ohio's Concert Venues Struggled to Turn a Profit in 2024, Data Shows
While these venues comfortably support local jobs, tourism and economic growth, financial stability and vitality is threatened by nationwide industry scalping.