Ohio's indie music venues power $3B in economic activity, but most still lose money
Ohio's independent music venues made significant contributions to the state's economy in 2024, but most failed to turn a profit, according to a first-of-its-kind report by the National Independent Venue Association.
Report Shows Ohio Small Venues and Festival Promoters Lose Money While Creating Economic Benefits
Last week, the National Independent Venue Association, founded in the early days of the pandemic when small entertainment venues came together to find ways to survive and advocate for assistance, released an economic impact report called The State of Live on the economic impact of independent venues, festivals, and promoters across the country to their local markets.
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.