Working together, the Local Initiative Support Corporation and Upstart Co-Lab launched the first targeted impact investment opportunity for the creative economy in 2018.

The NYC Inclusive Creative Economy Fund finances affordable workspaces that make it possible for creatives to start up and grow businesses, hire workers into 21st century jobs, and maintain the spirit of New York City as a place where creativity is produced, not just consumed.

Read the first annual report on the Fund to learn more about

  • the creative economy as a driver of comprehensive community development
  • criteria used to screen investment opportunities for the Fund
  • profiles of three projects financed by the Fund
  • the Fund’s impact assessment methodology

READ THE REPORT

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Hyperallergic: It’s Time for US Museums to Divest From Immoral Industries

American Alliance of Museums: Museums Discover Impact Investing

ImpactAlpha: Impact investments are beginning to show up in the endowments of U.S. art museums

Philanthropy News Digest: Cultural Capital: The state of museums and their investing

TheNonProfitTimes: Museums Late To Impact Investing Party

Fin News: Museums With Long Road To Reach Impact Investment Adoption Of E&Fs: Survey

artnet: Just a Third of Museums Are Investing Their Endowments in Socially Responsible Ways, a Study Found. Here’s How They Can Do Better

The New York Times: How Museums Invest

Barron’s: Most Museums Don’t Put Their Money Where Their Values Are

Worth Magazine: Museum Boards And Donors Need To Examine Where Endowments Are Invested

Americans for the Arts: How America’s Arts Organizations Can Invest Their Values

The Art Newspaper: How museums can ethically invest their money

American Alliance of Museums: Investing for Values and Mission

The Art Newspaper: ethical investment options should come easy

Financial Times: Museums should lead in socially responsible investing

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