National Governors Association's study
The National Governors Association's study on arts and culture's impact on the economy focuses on the role that arts, culture and design can play in assisting states as they see to create jobs and boot their economies in the short run and transition to a innovation based economy in the long run.
In its most basic form, Economic Development is the creation of new wealth. For artists and innovative businesses, that can be accomplished in a variety of ways. The OCSD is committed to pursuing many avenues to act both as a resource and an economic catalyst for Loveland’s Creative Sector.
In order to provide a framework for this mission, a targeted Economic Development plan has been designed and adopted. This plan will be periodically updated to showcase up-to-date data and progress. The Action Plan for economic development includes:
- Partner with existing organizations with the completion of new contracts; with the creation of an inventory of available equipment and technology in order to cross-pollinate, foster healthy competition and promote Loveland’s business capacities
- Develop incentive plans and public/private partnerships to leverage new creative sector jobs
- Develop marketing pieces to recruit jobs for the Loveland Creative Sector; to partner with local organizations to distribute this marketing piece across the country
- Partner with Economic Gardening to provide baseline data and then follow up data in each area in 2014
- Finalize the Americans for the Arts Survey and present results to community/county partners in early 2012; update data annually
- Conduct market research with the current creative sector to assess the business climate and understand where the gaps in services/resources exist, use this assessment to support existing and recruit new entrepreneurs and businesses
- Develop additional revenue-generating opportunities that apply to existing businesses
Our success is your success. We look forward to partnering with the creative sector to make this happen!