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The arts generated $1.05 Billion in economic impact for Maryland in fiscal year 2006, according to a recent study released by the Maryland Department of Business and Economic Development (DBED). The study, prepared for the Maryland State Arts Council (MSAC), also showed the arts generated an estimated $37.3 million in state and local taxes, up from $35.1 million In FY2005, and generated 13,762 full- and part-time jobs. In addition, for every dollar of direct spending by audiences attending arts events, another $2.10 was generated on other goods and services.
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