NEA launches $11.5m arts initiative to boost local economies
Programme funded through a mix of public and private money
By Bonnie Rosenberg. Web only
Published online: 21 September 2011
ArtPlace, a nationwide initiative that encourages economic development through arts programming, and is a financial collaboration between the public and private sectors, launched this month with 34 projects throughout the US. Rocco Landesman, the chairman of National Endowment for the Arts, first announced the programme last year.
Eleven American foundations, including Bloomberg Philanthropies and the Ford and Rockefeller foundations, joined with the NEA and seven federal agencies to fund art projects, which aim to revitalise neighbourhoods, stimulate job growth and develop local communities.
In its first round of grant allocations, ArtPlace invested $11.5m from private donors towards various projects, including an arts laboratory in Detroit, a Boise, Idaho dance project and a borough-wide exhibition in Queens, New York. The average grant was for $350,000. The NEA only provided funding for administrative and research costs. Six financial institutions including Bank of America, Chase and Deutsche Bank provided an additional $12m loan, which has not yet been distributed.
For details on the individual projects, visit the project’s website:
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