Vermont’s Creative Economy

first_imgVERMONT ARTS COUNCIL CELEBRATES 40 YEARS OF SUPPORTINGTHE “CREATIVE ECONOMY”Arts Council applauds today’s release of “Advancing Vermont’s CreativeEconomy”by the Vermont Council on Rural DevelopmentMontpelier, Vt. (October 4, 2004) The release today of “AdvancingVermont’s Creative Economy” by the Vermont Council on Rural Development clearly shows that there are social and economic benefits to investing in the arts and culture. According to the report, communities that have thriving cultural centers are more likely to attract business and entrepreneurs than those that do not. The Vermont Arts Council has been working under this premise 1964 and, coincidentally, will begin at year-long celebration of its 40th anniversary this month.”The release of this report couldn’t come at a better time,” said artist, teacher, and Chair of the Arts Council’s board of trustees, Irwin Gelber of Barnet. “Next week, on October 16th at Marlboro College, the Council will kick off the celebration of its 40th Anniversary. It is a great anniversary gift to have this public recognition of what we, who work in the arts, have always known: The arts are central to our quality of life. The arts play a major and often pivotal role in our economy and perhaps most importantly, the arts are a priority in our children’s education.”In addition to providing individual grants and awards to Vermont artists, the Arts Council promotes enduring ways to make the arts a part of all Vermont communities, bringing enjoyment and inspiration to citizens and visitors in all corners of the state. To accomplish this, the Arts Council partners with other public benefit organizations at the local, state and national level, as well as with the private sector in education, human services, and economic development.The Cultural Facilities Grant Program is just one example of how the Arts Council supports a “creative economy.” The Cultural Facilities Grant Program, which is funded by the Legislature and administered by the Vermont Arts Council, provides grants for the improvement of community facilities that provide cultural activities. Recipients of Cultural Facilities Grants include: the Vergennes Opera House, the renovation of which sparked a renewal of the entire downtown area; improvements to the stage lighting at Damon Hall in Hartland; and the addition of accessible restrooms to the Hardwick Town House in the Northeast Kingdom. The “Advancing Vermont’s Creative Economy” report recommends a 400% increase in funding for this grant program from its current $50,000 level to $200,000 annually.”The Cultural Facilities Grant Program is ‘the little engine that could’ of downtown redevelopment and community renaissance,” said Alex Aldrich, Executive Director of the Vermont Arts Council. “Most of the grants we award go toward the improvement of historical buildings in the heart of Vermont’s communities so that a greater variety of cultural activities can be provided to the people of those communities.”Aldrich also sees huge potential in the report’s recommendation #8 that Vermont’s state economists “Track and Report the Impact of the State’s Creative Economy.” “For years, those of us in the arts, humanities, and preservation fields, have seen the impact of our work on community development. Now we have an independent and authoritative voice advocating that this sector deserves public research and investment,” said Aldrich.The Vermont Arts Council was founded in 1964 with a mission to support artists and strengthen the role of the arts in the lives of people and communities. The Council fosters classical, traditional, and emerging forms of artistic expression by functioning as a community partner and a catalyst for artists and organizations. It offers professional development opportunities and technical advice, collects and disseminates arts information, and acts as the state’s foremost arts advocate. For more information about the Vermont Arts Council or its 40th Anniversary Celebration, please call (802) 828-5422 or visit is external).Executive SummaryThe creative economy is critical to the future competitiveness of Vermont in the global marketplace. Vermonts heritage, arts and culture are integral strengths. They are an economic sector in Vermont today; they also provide a foundation to the sense of place and creative workforce critical to innovation in other sectors, add value to the Vermont brand, and magnify the attractive power of Vermont as a location to do business. The creative economy is a hidden economic driver, one that deserves understanding, recognition, and investment.The Vermont Council on Culture and Innovation (VCCI) was convened in May 2003 by the Vermont Council on Rural Development. VCCIs charge was to evaluate the role of and challenges to the creative economy in the state and to build a practical and strategic plan for its advancement. This Action Plan is the product of that work. This report makes specific recommendations for how to grow the States creative economy as a vital and complementary part of the states economy as a whole. These recommendations encourage collaboration among Vermonts private sector, cultural organizations, and local, state, and federal government to use Vermonts cultural resources to spark and leverage community and economic development. It documents seventeen recommendations in the four areas listed below that the Governors adminis-tration,Legislature, and public and private partners are encouraged to undertake to expand innovation, enhance community life, attract and encourage entrepreneurs, build Vermonts market identity, and stimulate job growth. Support the Growth of Creative Enterprises by expanding markets, unifying promotion, enhancing the Vermont brand, producing celebratory events, building a Vermont artists and artisans market identity, and providing technical support and access to capital for culturally-based businesses and creative entrepreneurs. Promote and Document the Roles that Creativity, Culture, and Innovation Play in Vermonts Economic Future by tracking and reporting this economic sector, reinforcing arts and heritage education, and instituting a statewide public information campaign.Invest in Communities so They May Build on their Past while Adapting for a Vibrant Future by making culture and heritage priority community investments, supporting historic town and village centers, expanding cultural facilities funding, and encouraging creative entrepreneurial development in vacant industrial space. Develop Vermonts Creative Economy through Community-Based Planning and Improved Statewide Collaboration by facilitating locally designed creative economy projects, building a collaborative umbrella between statewide cultural organizations, and establishing a nonpartisan Governors Commission to provide leadership for the growth of Vermonts creative economy.:Evidence shows that public and private investment in creative enterprises yields favorable economic and social returns,producing jobs and supporting communities.:The development of the creative economy in Vermont is not limited by geography,topography,demographics,or population density.It can play a vital role in every corner of the state.:Just as Vermont was a leader in the manufacturing of things, it is now poised to be a leader in the production of ideas. Like any promising economic sector,the creative economy will need policies and incentives to support its growth.:Strengthening the creative sector will take a long-term and incremental effort.However,pressing needs must be addressed now in order to assure its future competitiveness.:Creative and stimulating communities attract and retain young people.This is a key concern in Vermont,where the loss of its youth to other regions is an historic challenge.:The emerging jobs market places a premium on creative problem solving,yet these skills are not taught consistently throughout Vermont s education is external)last_img read more

IPE Awards Seminar: Too much self-interest in banking dangerous

first_imgToo much self-interest in banking makes the sector dangerously fragile, exposes the public to unnecessary risks and distorts the economy, according to Anat Admati, George GC Parker professor of finance and economics at the Graduate School of Business at Stanford University in the US.Addressing the IPE Awards Seminar in Noordwijk, the Netherlands, yesterday, she said: “There are things to do about [the failing banking system], but they may not get done, unfortunately. There is a lot of politics and a lot of confusion and a lot of self-interest in this.”That is a governance problem, and it goes all the way to the politicians. Key to the observation is that banking is not a system, right now especially, where markets work. It requires firm and effective regulation, sensible regulation.”The root cause of the problem is that banks hold a lot of leverage, unborrowed funding, with the loss-absorbing equity ratio on their balance sheets being too small. “The credit crunch did happen not because they had too much equity but because they had too much debt,” she said. “Banks make bad lending decisions – too little or too much, boom and bust or too much and too little at the same time.”She added that, “even now, the continued weakness and distorted incentives of banks dampen new lending that would help economic recovery”.Instead of the small amounts of equity banks currently hold – around 5% – Admati suggested they ought to hold an equity ratio of 20-30%.Holding more equity is not expensive she said.In addition, some of the risks taken in the current banking sector, such as excessive leverage risks, benefit only the very select few – while many will suffer.And while regulators have authority, she accused them of lacking the political will to change things.Admati believes some banks may no longer be viable.In the preface for her book ‘The Bankers’ New Clothes’, published earlier this year, she writes: “A cleanup of such banks and of the financial system is important even if it means eliminating or shrinking some banks.”Hiding from reality and providing public support to banks that cannot otherwise survive or which are too big and too complex to control, as governments all over the world are doing, is dangerous and expensive.”last_img read more

Media Institute to focus on social change in film

first_imgThe School of Cinematic Arts announced the creation of the Media Institute for Social Change, a non-profit organization that will focus on channeling the power and reach of film and television entertainment for positive social change, on Friday.Michael Taylor, chair of film and television production, will lead the Media Institute of Social Change and said he encourages film students to write, direct and produce films that will advocate for social and political change.The institute will provide scholarships to students integrating social change into their films, offer advice to professional filmmakers and conduct research on information in films about social change, Taylor said.Taylor said the timing of the new institute is important because media continues to have a growing impact on society.“There is an interest now more than ever before in social issues, and as filmmakers we have a huge impact on the culture,” Taylor said. “We have a huge impact so we can use those films for the greater good by incorporating issues of social change into the movies.”He said he hopes to expand the mission of his class Making Media for Social Change, which he is co-teaching with Emmy Award-winning director Jeremy Kagan, into multiple facets of media.“There are 14 students that I have in that class, and out of the 14 films that we’re making on various social issues, only one is a documentary, so 13 out of 14 are fictional films, and I think there is a tremendous interest now in doing that,” Taylor said.The institute will research the effects current television and film have on public opinion and policy, Taylor said.“The Media Institute for Social Change is rigorously nonpartisan,” Taylor said. “We do not have a political agenda; we are not taking a position on issues.”The institute will also establish connections between industry professionals to faculty experts at USC to provide facts and guidance on topics, including social human rights and environmental justice.“I went to a conference last week at the United Nations in New York and people were really very interested in what we were doing here at USC and how we’re using film and television and new media to incorporate social issues into the work that we’re doing on a variety of issues,” Taylor said.last_img read more

All-around effort propels Syracuse 7-0 against North Carolina State

first_img Facebook Twitter Google+ Published on April 22, 2018 at 4:37 pm Contact David: When Syracuse plays left-handed hitters with a tendency to hit to the opposite field, it rotates its outfielders to account for Bryce Holmgren’s lack of speed. The switch puts Alicia Hansen in left field, who is quicker and better suited to run down balls down the line or in the gap, head coach Mike Bosch said last week.In the top of the sixth inning on Sunday, Holmgren proved the swap may not be necessary. When North Carolina State’s Jade Caraway lined the ball down the left field line in foul territory, it looked as if Holmgren had no chance to reach it. Rather, the junior sprinted from her spot and past the foul line before laying out, her body parallel to the ground, to make an unbelievable diving catch. Hansen, who was in center, ran over to Holmgren as she got up to congratulate her.“I was smiling when the ball was hit,” Hansen said. “I knew it was foul, and no harm could come from it. I was like ‘lay out! lay out!’ And she did.”Holmgren’s diving effort topped off an all-around day for the Orange, led by another dominant performance from Alexa Romero in the circle. Romero’s one-hit, 11-strikeout day helped Syracuse (26-18, 8-11 Atlantic Coast) complete the three-game sweep over North Carolina State (22-25, 5-15 ACC), 7-0, on Sunday afternoon at Skytop Softball Stadium. The win marks six-straight for SU, which officially clinched its spot in the ACC Tournament in Atlanta, Georgia, starting May 9.After scoring five runs combined in Saturday’s doubleheader against the Wolfpack, SU’s offense came out scorching hot. Hansen led off the bottom of the first with a solo home run to right center field. With two outs and runners on first and second, Rachel Burkhardt singled to drive in Holmgren, and, after a throwing error by right fielder Angie Rizzi, Gabby Teran came home. A batter later, Michala Maciolek drove in Burkhardt to give the Orange a four-run lead.AdvertisementThis is placeholder text“We looked at a little bit of film last night, things we could do a little better, some counts we could be more aggressive in,” Bosch said about SU’s big day at the plate. “When you see a pitching staff a second or third day, you’re going to have some better swings. That’s what you saw.”The Orange’s strong hitting performance was equaled by Romero’s pitching. Coming off a career-high 16 strikeouts in the first game of Saturday’s doubleheader, Romero struck out five of her first six batters. The only hit the sophomore allowed came in the top of the third, when N.C. State’s Cheyenne Balzer drilled the ball into Romero’s thigh before it traveled into the outfield. After a brief stoppage, Romero continued. Her thigh “didn’t hurt at all,” she said after the game.Immediately after the incident, Romero threw two wild pitches, allowing Balzer to advance to third with two outs. A batter later, she returned to her usual self with an inning-ending strikeout. From innings four to six, Romero retired nine straight, including four strikeouts. She narrowly missed her third consecutive complete game, as Miranda Hearn relieved Romero in the seventh inning.“I struggled a little bit in the Notre Dame series, I had to turn myself around,” Romero said about her recent stretch of dominance. “This past week and weekend was a good turnaround for me. I feel better about everything mentally, emotionally and physically.”Sunday marked Romero’s third consecutive and 11th overall game with double-digit strikeouts, as well as her fifth start with no walks this season. Romero’s 246 strikeouts on the year are 63 more than any other ACC pitcher, while she sits a thousandth of a point behind Florida State’s Kylee Hanson for the conference’s lowest opponent batting average (.142).In the fifth, Andrea Bombace came off the bench and cranked a solo home run, Syracuse’s third of the game, to give the home team its seventh and final run of the game. After hitting just two home runs in its first 30 games this season, SU has exploded for 10 in its last 14 games. Much of the team’s recent power surge comes from playing at home, Bosch said.“Whether it was the catch in left field, Alexa striking people out or pinch-hit home runs, everybody did what they could,” Bosch said. “When you put those things together, you get team victories.” Commentslast_img read more