Milan Art Week Highlights Art's Economic Impact and Calls for Policy Support

Milan Art Week underscores the growing synergy between culture and economic development, particularly in design and contemporary art. Vincenzo De Bellis, Director of Art Basel, emphasizes Milan's rise as a global hub for both art and design, fueled by events like Milan Art Week and Design Week. * **Economic Engine:** Art and design significantly contribute to Milan's economic growth, attracting tourism and boosting the city's GDP. * **Investment in Young Talent:** Initiatives like Banca Generali's BG Art Talent support emerging Italian artists, fostering creativity and innovation. * **Policy Recommendations:** De Bellis advocates for policies that facilitate art distribution and reduce VAT on art to enhance competitiveness for Italian artists and galleries on the global stage. De Bellis highlights the importance of recognizing art's historical role as a driver of economic development, citing the positive impact of cultural tourism on Italy's economy. He calls for continued support and strategic policies to further strengthen the art sector's contribution to economic growth.