What is the Creative Economy?

The Creative Economy is taking hold worldwide with major initiatives in Scotland, the UK, Australia and parts of the US.

The Creative Economy consists of those industries that have their origin in individual creativity, skill and talent and which have a potential for wealth and job creation through the generation of ideas, products and/or services.

Creative Economy industries include:

The Creative Economy is already creating a buzz in the local press. Read the articles for more information:

'Creative' enterprises could replace manufacturing as mainstay of region's economy

Creative economy efforts take a step forward

Where art and business collide

'Creative economy' may boost region

Study: Creativity fuels North of Boston economic engine

Region's economy must play to its strengths

ConsultEcon, Inc in association with Karl F Seidman Consulting Services provided a North Shore market analysis and action plan for the Creative Economy.

They found, for instance, that the North Shore now has over 2200 creative economy businesses with over 17,000 employees generating over $3 billion.

To see the entire study please click here. 

The New England Council concluded:

If you aggregate employment in the profit and non profit sectors involved in these fields, total employment exceeded all employment for medical technology in New England.

"As a business person, I'm always looking for returns, and an investment in the arts and culture generates remarkable returns in the form of successful enterprises, a superior work force, high quality of life, and New England competitiveness." - Chad Gifford of Fleet Bank