|Screengrab from Artplaceamerica.org|
Takeaway one: Partnerships beget partnerships, or 1+1=3
In this PhilanTopic interview, Coletta notes that not only is ArtPlace a partnership, but that they look to fund pre-existing partnerships and collaborations to maximize return on investment. "We're looking for places where there are...real partnerships among artists and other organizations. So when you look at the outcomes, you can imagine one plus one equaling three." Or how about a 24x return on investment? ArtPlace provided NYC's PS109, which I wrote about last week, with $1 million in funding. That sounds like quite a bundle, right? Not compared to the $24 million in tax credits that PS109 received from New York City Department of Housing Preservation and Development. I noted this huge amount last week, but according to the Artspace, the developer behind PS109, it's unlikely they would have received this amount without ArtPlace's backing. (Note: Thanks to Ian David Moss at Createquity for linking to the PhilanTopic interview and for noting the massive return on investment at PS109.)
Not only does this example already speak to the huge potential for success in ArtPlace's model but it also confirms an argument arts advocates have long made in favor of government arts funding- it's so highly leveraged because of matching grants that the return on investment is astronomical. For example, according to Americans for the Arts, NEA dollars leverage, on average, at least seven dollars for every dollar in a grant - a terrific return on investment for federal money.
Takeaway two: ArtPlace strives to be essential to its communities
"I think what makes creative placemaking and ArtPlace so important is that it's not an add-on. It's not a nice to-do. It really becomes an essential part of a community's economic success." Here's another quote from Coletta that speaks to why ArtPlace is unusually exciting in the realm of arts funding and economic development. Like STEAM, ArtPlace is not a well intended, nice initiative that might help create a few jobs here or there, or bring a few more dollars to a severely impoverished community. Because it leverages funds and reinforces pre-existing projects to maximize impact, and because it is based on proven economic methods (Coletta is the former director of CEOs for Cities- she knows her stuff) there is real potential for change. Considering their funding as essential to a community is not just a financial investment but a commitment to success as well.
Takeaway three: ArtPlace could be a boon to arts and cultural funding
Finally, Coletta also told PhilanTopic that if ArtPlace is widely successful it could help encourage more funding of arts and culture across the board. "We believe that if we can demonstrate that investing in the arts in this way actually does contribute to vibrancy and to changing the trajectory of a place, that will result in a whole lot more money for arts and culture." Of course it's too early to tell, but PS109's early success bodes well for ArtPlace's ability to generate more dollars, and more culture, in its grantee communities. The idea that it could attract more arts funding too is an exciting bonus!
All of this is a long way of stating the obvious - I believe in ArtPlace's potential to change places for the better, and I can't wait to see what they can accomplish down the line, in New York, Detroit, South Dakota, and beyond!
For further reading check out the terrific PhilanTopic interview with Coletta as well as her post on the NEA's Art Works blog.
Do you have any further questions about ArtPlace- or projects you'd like to see explored down the road? Let me know in the comments!