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ArtPlaceAmerica Launches

I don’t use this space to push programs and organizations,  but I am really excited about the launch of ArtPlaceAmerica and the impact that it could have on placemaking initiatives around the arts.

Here is what the project is all about…

ArtPlace is a collaboration of top national foundations, the National Endowment for the Arts and various federal agencies to accelerate creative placemaking across the U.S.

Participating foundations include Bloomberg Philanthropies, The Ford Foundation, The James Irvine Foundation, The John S. and James L. Knight Foundation, The Kresge Foundation, The McKnight Foundation, The Andrew W. Mellon Foundation, The Rockefeller Foundation, Rasmuson Foundation, The Robina Foundation and an anonymous donor. In addition to the NEA, federal partners are the departments of Housing and Urban Development, Health and Human Services, Agriculture, Education and Transportation, along with leadership from the White House Office of Management and Budget and the Domestic Policy Council.

Funds committed to ArtPlace are overseen by the Nonprofit Finance Fund, a nonprofit lender and financial consulting organization that serves as investment and grant manager for the collaboration.

ArtPlace will also be supported by a $12 million loan fund capitalized by six major financial institutions and managed by the Nonprofit Finance Fund. Participating institutions are Bank of America, Citi, Deutsche Bank, Chase, MetLife and Morgan Stanley.

ArtPlace believes that art, culture and creativity expressed powerfully through place can create vibrant communities, thus increasing the desire and the economic opportunity for people to thrive in place. It is all about the local.

ArtPlace periodically awards grants to organizations doing groundbreaking work in creative placemaking.

The project is being directed by former CEOS for Cities president and contributing author to the Economics of Place Carol Coletta. Carol is one of the premier urban thought leaders around and I am willing to bet that ArtPlaceAmerica takes off under her leadership.

Your can find out more at http://www.artplaceamerica.org

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