By growing the “creative economy,” investors can help stabilize communities, fuel good jobs, and support regional progress in places that might otherwise struggle to create opportunity, according to a report by the Calvert Foundation and Upstart Co-Lab. The MacArthur-supported report, Creative Places and Businesses: Catalyzing Growth and Opportunities, examines how impact investments help fuel creative placemaking. In creative placemaking, the public, private, and not-for-profit sectors leverage arts and culture to build up the social and economic infrastructure of communities.
