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