Addressing the challenge
The arts drive vibrant and diverse communities and are critical to neighborhood health and well-being, yet artists and cultural organizations are increasingly vulnerable to instability and displacement.
Number of US jobs generated by cultural and creative industries, which in turn, are magnets for other businesses, revitalize neighborhoods, and encourage tourism.
I believe that creativity will be the currency of the 21st century.
Gerald Gordon, PhD
President / CEO
Fairfax County (VA) Economic Development Authority
Diverse Assets = Security
There’s a new way to bring capital, assets, and security to the arts.More Fearing that San Francisco could lose essential arts and cultural spaces as rents kept escalating, the Kenneth Rainin Foundation founded the Community Arts Stabilization Trust (CAST) to secure affordable real estate. CAST's novel strategy offers below market leases and low interest funding that ensure arts and cultural organizations will have homes for decades to come.