A large percentage of art rentals are experiencing an increase in demand.
Art rentals in New Jersey have seen a sharp increase in the past two years, according to data from the Art Rental Agency, an online rental company.
Art rental in New Mexico is up by more than 80% since the beginning of the year, according the company.
Art rental in Colorado is up more than 70% since January, and art rental in Arizona is up about 70%.
Art rentals in Texas, Florida, Georgia, and Texas are down, as are rentals in Alaska, California, Louisiana, Maryland, Michigan, New Mexico, Pennsylvania, and Utah.
In other news, more people are taking advantage of the Affordable Care Act’s health insurance subsidies, which could help the rental industry recover from the downturn.
The Affordable Care Amendment has helped make New Jersey the first state to offer subsidies to help people purchase insurance, according a new report from the Insurance Institute for Northern California.
The ACA provides subsidies to people making between $18,400 and $44,600 a year.
The subsidy is capped at $3,500 for people making less than $24,300 a year, and up to $6,500 a year for those making more than $44: $8,600 for people earning between $27,500 and $42,600 and up, $10,800 for people who earn between $42 and $54,000.
The subsidies are available to people who qualify for subsidies through their employer or government-sponsored health plan.
New Jersey was the first to provide subsidies in January, according news reports.