Americans for the Arts Coffee Chat: Before You Close
Tuesday, November 10th, 2020
Americans for the Arts
On November 10, Elaine will join Americans for the Arts for a conversation on the very real financial challenges arts organizations face as a result of the pandemic, and what they can do to explore alternative pathways forward, other than closing doors completely.
Title: Before You Close: Strategies for Alternative Pathways Forward
Description: The estimated total impact of the COVID-19 pandemic on the arts sector stands at $13.1 billion and growing, with layoffs, furloughs, and cancelled performances setting the stage for long-term financial impacts. At the same time, the value of the arts has never been greater as we watch creative organizations respond to very real social challenges, raising community conversations and spirits.
This webinar speaks to organizations who are facing financial and operational hardships right now, and offers specific solutions to consider, instead of closing their doors completely. As part of this webinar, participants will:
- Review the current landscape of the industry and projections for the future, based on research from Americans for the Arts.
- Project income and expenses for the next year based on best- and worst-case scenarios.
- Explore pros and cons of alternative pathways, including mergers and shared-service agreements.