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An opportunity for accredited investors to invest in New York City’s affordable, inclusive creative workspaces, fostering 21st Century quality jobs for low- and moderate-income New Yorkers.
The NYC Inclusive Creative Economy Fund allows investors who are passionate about art, design, culture, and creativity to help inclusive creative businesses thrive in New York City.
The NYC Inclusive Creative Economy Fund program provides loans to nonprofit and mission-driven organizations that own, lease and manage affordable spaces for businesses in creative industries, so that these businesses can get started, take root and thrive. By establishing and preserving affordable spaces for light manufacturing, business incubation, maker/artist studios, and cultural activities, the Fund will foster quality middle-skill job opportunities for low- and moderate-income New Yorkers.
Accredited investors may purchase Notes which pay 2.75% interest per annum and mature May 31, 2026. LISC may redeem part or all of the Notes starting May 31, 2024.
Notes are general obligations of Local Initiative Support Corporation (LISC), an organization with a nearly 40-year track record of investing in communities. LISC is rated AA by Standard & Poor’s, and since 1980 LISC has borrowed and repaid on time and in full more than $1.6 billion.
This initiative is a collaboration with Upstart Co-Lab, a national collaboration connecting impact investing to the creative economy.
Read about the Fund's investors, activities and impacts.
Download a two-page summary of this initiative.
Learn about terms, impact criteria, project pipeline, more.
Press release, coverage by the NY Times, Next City, and more