Five Trends Shaping the Future of Creativity and Work in Vermont

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Introduction to Vermont's creative economic including five frames for assessing and cultivating its health, locally and statewide.

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Five Trends Shaping the Future of Creativity and Work in Vermont

  1. 1. Five Trends Shaping the Future of Work and Creativity in Vermont VCDA Winter Conference December 11, 2013
  2. 2. “Between the Tigris of I-91 and the Euphrates of Rt 7”
  3. 3. 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.
  4. 4. Film and New Media Advertising and Marketing Software and Game Development Manufacturing Arts Arts and Cultural Organizations * Architecture, Publishing, Music
  5. 5. ! Pop Quiz
  6. 6. About how many jobs in Vermont are in the creative sector?
  7. 7. 2,600 arts-related businesses in Vermont create 8,000 jobs.
  8. 8. That does not include independent workers and freelancers, another roughly 2,300 workers.
  9. 9. How much was raised in Vermont through Kickstarter in 2013?
  10. 10. $660k
  11. 11. $540k $660k $1m Between what the Arts Council and Vermont Community Foundation give
  12. 12. Finally, how many of you have participated in one or more of the following...
  13. 13. Five filters to view the creative economy
  14. 14. Independent workforce The DIY makers New forms of finance The new workplace A networked ecosystem
  15. 15. Independent Workforce
  16. 16. The independent workforce is composed of contractors, freelancers, consultants, and micropreneurs who choose selfemployment over stable, full-time employment on a career path.
  17. 17. Source: MBO Partners 2013
  18. 18. Implications for what we measure, the support mechanisms we create
  19. 19. DIY Makers
  20. 20. A makerspace is a communityoperated workspace where people with common interests, often in computers, technology, science, digital art or electronic art, can meet, socialize and or collaborate.
  21. 21. Source: ArtisansAsylum.com
  22. 22. Artisan’s Asylum 40,000 square foot warehouse Around 250 monthly members 140 studios 45 pallet storage units Over 80 shelf storage units available for rent
  23. 23. Implications for innovation pathways, product development, skills development and transfer
  24. 24. Crowdfunding
  25. 25. Crowdfunding is a method by which anyone can raise funds from many individual donors by leveraging the power of networks.
  26. 26. Global market of $300B in 2013 LendingClub: debt financing at $1B Kickstarter: equity financing at $700M Value of all SBA microloans <$100k was $138B
  27. 27. Source: SMB Blog
  28. 28. Implications for finance landscape - charity, debt, and equity - and business support
  29. 29. Coworking
  30. 30. Coworking is an answer to the question, How can we help entrepreneurs and creatives connect, grow their ventures, and foster startup communities?
  31. 31. Benefits Break isolation, foster networks Establish presence, increase productivity Increase density, generate ideas and value
  32. 32. A movement 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)
  33. 33. “ 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
  34. 34. Implications for downtown development, business mentoring and support pathways, fostering density
  35. 35. Networked Ecosystem
  36. 36. A layered ecosystem... Growth support Startup finance and support Idea generation and concept development
  37. 37. Economic Growth Incentive Procurement Technical Assistance
  38. 38. For discussion...
  39. 39. What does the creative economy look like in communities where you work?
  40. 40. What opportunities are you seeing to advance the creative economy in the communities where you work?
  41. 41. What barriers do you see that hinder or thwart your efforts to advance the creative economy in communities where you work?
  42. 42. Thank You Lars Hasselblad Torres 802-917-1788 lars.torres@state.vt.us @VermontOCE

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