How could using impact investments in the creative economy shape more inclusive, equitable, and sustainable neighborhoods? Find out during a half-day discussion that coincides with the release of a new report, “Creative Places & Businesses: Catalyzing Growth in Communities.”
Laura Callanan, Upstart Co-Lab
Moy Eng, Community Arts Stabilization Trust
Samuel Farrazaino, Equinox Studios
Heather Hood, Enterprise Community Partners
Reed Mayfield, RSF Social Finance
Steven Oliver, Oliver & Company
Eric Rodenbeck, Kenneth Rainin Foundation
Richard Sciortino, Brinshore Development
Liz Sessler, ImpactUs
Drew Tulchin, Meow Wolf
“Creative Places & Businesses: Catalyzing Growth in Communities” is a new report supported in part by the Kenneth Rainin Foundation. It looks at investable opportunities in the creative economy that have the potential to both stabilize threatened communities and benefit regions looking to attract and develop quality jobs. Creative places and businesses are a critical yet under-recognized element of comprehensive community development.
The report highlights three key findings:
- Creative places and businesses are ready for impact investing. Demand for impact capital will be strong over the next five years throughout the US.
- Impact investors are seeking ways to deploy capital for creativity. Institutions that value the arts, storytelling and creativity are looking for opportunities to align their capital with their priorities.
- There are addressable barriers. The most immediate is that creative places and businesses must be recognized as a segment so that investors, intermediaries and project leaders can find one another and cooperate more easily.