five trends shaping the future of creativity and work in vermont
DESCRIPTION
Introduction to Vermont's creative economic including five frames for assessing and cultivating its health, locally and statewide.TRANSCRIPT
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Five Trends Shaping the Future of Work and Creativity in Vermont
VCDA Winter Conference
December 11, 2013
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“Between the Tigris of I-91 and the Euphrates of Rt 7”
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The Office of the Creative Economy exists to connect Vermont’s innovators and entrepreneurs, measure and promote a healthy creative ecosystem, and mobilize resources across Vermont’s creative sectors.
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Film and New Media
Advertising and Marketing
Software and Game Development
Manufacturing Arts
Arts and Cultural Organizations
* Architecture, Publishing, Music
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Pop Quiz
!
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About how many jobs in Vermont are in the creative sector?
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2,600 arts-related businesses in Vermont create 8,000 jobs.
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That does not include independentworkers and freelancers, another
roughly 2,300 workers.
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How much was raised in Vermont through Kickstarter in 2013?
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$660k
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$1m
$660k
$540k
Between what the Arts Council and Vermont Community Foundation give
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Finally, how many of you have participated in one or more of the following...
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Five filters to view the creative economy
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Independent workforce
The DIY makers
New forms of finance
The new workplace
A networked ecosystem
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Independent
Workforce
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The independent workforce is composed of contractors, freelancers, consultants, and micropreneurs who choose self-employment over stable, full-time employment on a career path.
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Source: MBO Partners 2013
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Implications for what we measure, the support mechanisms we create
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DIY Makers
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A makerspace is a community-operated workspace where people with common interests, often in computers, technology, science, digital art or electronic art, can meet, socialize and or collaborate.
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Source: ArtisansAsylum.com
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40,000 square foot warehouse Around 250 monthly members140 studios45 pallet storage unitsOver 80 shelf storage units available for rent
Artisan’s Asylum
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Implications for innovation pathways, product development, skills development and transfer
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Crowdfunding
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Crowdfunding is a method by which anyone can raise funds from many individual donors by leveraging the power of networks.
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Global market of $300B in 2013
LendingClub: debt financing at $1B
Kickstarter: equity financing at $700M
Value of all SBA microloans <$100k was $138B
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Source: SMB Blog
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Implications for finance landscape - charity, debt, and equity - and
business support
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Coworking
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Coworking is an answer to the question,How can we help entrepreneurs and creatives connect, grow their ventures, and foster startup communities?
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Break isolation, foster networksEstablish presence, increase productivityIncrease density, generate ideas and value
Benefits
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530 coworking spaces across the U.S.
25,000 coworking members(Average is 41 members per coworking space)
7 spaces in Vermont(Three in Burlington, others in Middlebury, Brattleboro, Montpelier. New ones coming online)
A movement
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”“Coworking has revitalized my one-woman
business. I feel more productive and far less isolated. It's given me a work community--something that, as a freelancer, is not naturally built in to my life.
* Local 64 member survey, November 2012
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Implications for downtown development, business mentoring and support pathways, fostering density
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Networked
Ecosystem
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Growth support
Startup finance and support
Idea generation and concept development
A layered ecosystem...
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Economic GrowthIncentive
Procurement TechnicalAssistance
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For discussion...
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What does the creative economy look like in communities where you work?
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What opportunities are you seeing to advance the creative economy in the communities where you work?
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What barriers do you see that hinder or thwart your efforts to advance the creative economy in communities where you work?
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Thank YouLars Hasselblad Torres
@VermontOCE