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Impact investing in the 'creative economy' to strengthen local economies: A commentary by Deb Parsons

August 10, 2021

Fabric_bolts_arts_creative_GettyImages_oksixImpacting the creative economy with philanthropic funds

What do film and fashion have to do with philanthropy?

For a growing number of impact investors, these industries and others that make up the "creative economy" are a powerful lever to strengthen local economies, build resilient communities, and support an equitable COVID-19 recovery. Increasingly, impact investors are using foundations and donor-advised funds to make investments in a variety of local, national, and even international creative economy enterprises that are driving positive social and environmental change. With its focus on solutions that prioritize people and the planet, impact investing complements traditional grantmaking by leveraging the power of markets to create positive change....

Read the full commentary by Deb Parsons, managing director at ImpactAssets.

(Photo credit: GettyImages)

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