CultureBank: A New Paradigm for Community Investment

Penelope Douglas and David J. Erickson

No 2017-1, Community Development Working Paper from Federal Reserve Bank of San Francisco

Abstract: Building on the concept of creative placemaking, this paper presents an idea for a Community Development Financial Institution organized around art: CultureBank. Housed at Yerba Buena Center for the Arts, this nonprofit bank will specialize in unleashing asset value in art collections and focus on artists as borrowers, or Artist-Entrepreneurs.

Pages: 24 pages
Date: 2017-03-28
New Economics Papers: this item is included in nep-cul
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