New Inclusive Creative Economy Strategy to Demonstrate That the U.S. Creative ...

credit: Flickr

"The US creative economy was most recently valued at over $1 trillion by the National Endowment for the Arts," per a press release, "even before considering film, fashion, video games, beauty, food, and other key commercial creative industries."

Now, thanks to a $15 million investment from 14 funders, including the Andy Warhol Foundation for the Visual Arts, the "first dedicated impact investment portfolio for the US creative economy" is coming to life.

Upstart Co-Lab, a sponsored project of nonprofit Rockefeller Philanthropy Advisors, says the Inclusive Creative Economy Strategy will focus on investing in the creative industriesincluding film, fashion, video games, beauty, food, and other key commercial creative industriesthrough funds and companies to "secure blended value."

"The creative economy values merit and originality, it can help to build a more inclusive economic future," says Michael Quattrone, co-founder of the Skoll Foundation and Upstart Co-Lab.

"By demonstrating that putting more money to work in the creative economy can generate both attractive financial returns and positive social impact, this initiative can help break new ground for impact investing and build a more equitable and vibrant creative landscape in the US," says Roy Swan, director of mission investments for the Ford Foundation, one of the 14 funders.

Read the Entire Article

How's Your Community Doing?
Check Out it's
Community Vital Signs

Explore the
Social Progress Index
for the
Philadelphia Foundation

The Museum at Warm Springs Receives $20,000 in Operating Support from Oregon ...
Foundation: Oregon Community Foundation

An Oregon museum that tells the story of the Confederated Tribes of Warm Springs is getting a major upgrade after a $20,000 grant from the Oregon Community Foundation, KTVZ reports. "On behalf of...more

Esteemed Counseling Service Launches Restorative Justice Practices

"If you flip over a desk, you flip over a desk, you flip over a desk, you flip over a desk, you flip over a desk, you flip over a desk, you flip over a desk, you flip over a desk, you flip over a...more

Chs Students Awarded over $365000 during Scholarship Night

A 17-year-old from Coldwater, Mich., has become the first of his family to receive a college scholarship after graduating from high school. The Detroit Free Press reports that Owen Callahan was...more

Business Conference Puts Suny Fredonia on Map

"Ask a random person on the street if they can explain the purpose of business analytics, and you can expect a blank stare in return," State University of New York at Fredonia professorustav Misra...more

Record-Breaking Funds Raised At Sold-Out Inaugural Wellington Derby Fundraiser

The Florida community of Wellington is known for its impeccable sense of fashion and fine dining, and now it's adding a little something extra to the mix: the Kentucky Derby. The Palm Beach Post...more

Innovation on Wheels: District Debuts Mobile Units for 21St-Century Learning

"It is almost like we are throwing the fish net out now for our students, so we are trying to learn our students first before we go in-depth with the other concepts." That's what a South Carolina...more

Emerging Fundraising

The UN's children's agency is trying to use technology to change the way it does business. UNICEF's Innovative Finance Hub has launched a project called "Transforming Lives: Achieving Positive...more

Mount Sinai Awarded $6.6 Million from Nationa

More than 6.6 million people in the US are affected by alopecia areata, a disease that causes hair to fall out of the scalp and beard, usually before the age of 20. There's currently no treatment...more

Mckee'S Nominee for Child Advocate Promises 'Innovative Solutions ... for Systemic Reform'

"For the last decade Katelyn Medeiros has worked one of Rhode Island's hardest jobs as a watchdog for the hundreds of vulnerable, and often invisible, children in state care," per the Providence...more

Celebrating Excellence: 2024 Hfa Retailer of the Year Award Winners

"In the dynamic home furnishings industry, excellence shines through industry professionals' dedication, innovation, and unwavering commitment." That's what the Home Furnishings Association has...more