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

credit:

"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

$600K Investment for Research Collaboration

The German state of Bavaria and the Australian state of Queensland are teaming up to work on a host of cutting-edge projects, including artificial intelligence, quantum technologies, clean energy,...more

Research and Innovation Initiatives Towards Climate Neutrality

Cyprus is aiming to be an example of "ecological living and sustainable development" in the years to come, and the first Green Agenda Cyprus Summit will be held there on May 20. Speakers at the...more

Johnson'S 'Intuition' Clashes with Data on Illegal Voting

The House is set to vote Monday on a bill that would make it harder for noncitizens to vote in federal elections. The SAVE Actshort for Safeguard American Voter Eligibilityis the brainchild of...more

Johnson'S 'Intuition' Clashes with Data on Illegal Voting

The House is set to vote Monday on a bill that would make it harder for noncitizens to vote in federal elections. The SAVE Actshort for Safeguard American Voter Eligibilityis the brainchild of...more

The Public Servant

Lisette Nieves was the first Puerto Rican woman and the first Brooklyn College grad to be a Rhodes scholar when she graduated from the college in 1992. Now she's the president of the Fund for the...more

Bitcoin Commencement Speaker Defends Ayahuasca-Fueled Speech, Praises Satoshi

"To be a great investor, you have to be open-minded and look for misunderstood opportunities." That was Christopher Pan's advice to Ohio State University's graduating class on Sunday, and he's...more

Chris Pan Wants to Set the Record Straight about His Ohio State Commencement Speech

Chris Pan's commencement speech at Ohio State has been called "cringe-worthy" and "the worst Ohio State commencement speech ever"but the social entrepreneur and 1999 Ohio State graduate wants to set...more

Image Pwc Businesswoman of the Year Awards 2024: Meet the Winners

"It is a night that shines a light on some of the best and brightest women in business." So reads a press release on the winners of the 2024 IMAGE PwC Businesswoman of the Year Awards in Ireland,...more

Dr. Yunus and the Recent Vatican Human Fraternity Conference

A Bangladeshi social entrepreneur who won a Nobel Peace Prize for his efforts to fight poverty won't be going to the Vatican in 2024, thanks to a group called the Fratelli Tutti Foundation. The...more

Gallia County (Ohio) Receives $21.9 Million in Grants through Appalachian Community Grant Program

Ohio Gov. Mike DeWine says the Appalachian Community Grant Program represents "a historic, $500 million investment in Ohio's 32 Appalachian counties." The state has allocated $21.9 million in...more