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

Read

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

Read

Barron’s: Future Returns: Upstart Co-Lab to Create Inclusive Creative Economy Fund

Forbes: Upstart Co-Lab Aims To Create A $100 Million Portfolio Of Creative Economy Funds, Companies

The New York Times: A Push to Invest in the Arts Grows Stronger

Forbes: Amid This Year’s Struggle, New And Tougher Companies Are Born In The $900M Creative Economy

Monocle: Worthy Investment

Financial Times: Museums should lead in socially responsible investing

Pioneers Post: Global coalition explores ideas for new impact investment fund to back creative enterprises

ImpactAlpha: Building a personal portfolio of impact investments in the creative economy

Fast Company: Why Impact Investing Funds Need To Invest In Creativity

Stanford Social Innovation Review: Capital for Creativity

The New York Times: Investing in Creativity, and in the Greater Good

Real Leaders: The Innovator Connecting Impact Investing to The Creative Economy

Barron’s: Investing in the Creative Economy is a Boon to Artists and Communities

ImpactAlpha: Investments in the creative economy will help drive an inclusive COVID recovery

Real Leaders: The Power of Art, Design, Culture, Heritage and Creativity

The Art Newspaper: How museums can ethically invest their money

GenderSmart Investing: Is Impact Investing Repeating The Mistakes Of Investing? The Solution Is A Creative One

ImpactAlpha: Investment opportunities in expanding access and ownership in the creator economy

McKinsey & Company: How an alum is disrupting funding for creativity and culture