Creativity and the Arts: An Emerging Impact Investing Theme
Cornerstone Capital Group has released a new report, "Creativity & The Arts: An Emerging Impact Investment Theme". This report offers a window into the rich array of opportunities to make meaningful, profitable investments that foster economic empowerment for individuals and communities through local creative enterprise.
As highlighted by contributors, the many reasons to deploy investment capital in support of Creativity & The Arts include:
- Investing in the “creative economy” is one way to counter the negative effects of widening income and wealth inequality, and opportunity gaps, that have resulted from the “knowledge economy.”
- Creative enterprises offer “an on-ramp to wealth-building for entrepreneurs including women, people of color and others who benefit from lower barriers to entry to a sector of the economy more interested in merit than advanced degrees.”
- For foundations and endowments in particular, eliminating the "artificial distinctions" that have long governed arts funding unleashes “enormous opportunity to drive economic growth and employment through coherent, broad-based strategies to invest in this space.”
Click here for posts by individual contributors on creativity and the arts as an investment theme.