Five Trends Shaping the Future of Work and Creativity in Vermont VCDA Winter Conference December 11, 2013
May 10, 2015
Five Trends Shaping the Future of Work and Creativity in Vermont
VCDA Winter Conference
December 11, 2013
“Between the Tigris of I-91 and the Euphrates of Rt 7”
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.
Film and New Media
Advertising and Marketing
Software and Game Development
Manufacturing Arts
Arts and Cultural Organizations
* Architecture, Publishing, Music
Pop Quiz
!
About how many jobs in Vermont are in the creative sector?
2,600 arts-related businesses in Vermont create 8,000 jobs.
That does not include independentworkers and freelancers, another
roughly 2,300 workers.
How much was raised in Vermont through Kickstarter in 2013?
$660k
$1m
$660k
$540k
Between what the Arts Council and Vermont Community Foundation give
Finally, how many of you have participated in one or more of the following...
Five filters to view the creative economy
Independent workforce
The DIY makers
New forms of finance
The new workplace
A networked ecosystem
Independent
Workforce
The independent workforce is composed of contractors, freelancers, consultants, and micropreneurs who choose self-employment over stable, full-time employment on a career path.
Source: MBO Partners 2013
Implications for what we measure, the support mechanisms we create
DIY Makers
A makerspace is a community-operated workspace where people with common interests, often in computers, technology, science, digital art or electronic art, can meet, socialize and or collaborate.
Source: ArtisansAsylum.com
40,000 square foot warehouse Around 250 monthly members140 studios45 pallet storage unitsOver 80 shelf storage units available for rent
Artisan’s Asylum
Implications for innovation pathways, product development, skills development and transfer
Crowdfunding
Crowdfunding is a method by which anyone can raise funds from many individual donors by leveraging the power of networks.
Global market of $300B in 2013
LendingClub: debt financing at $1B
Kickstarter: equity financing at $700M
Value of all SBA microloans <$100k was $138B
Source: SMB Blog
Implications for finance landscape - charity, debt, and equity - and
business support
Coworking
Coworking is an answer to the question,How can we help entrepreneurs and creatives connect, grow their ventures, and foster startup communities?
Break isolation, foster networksEstablish presence, increase productivityIncrease density, generate ideas and value
Benefits
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)
A movement
”“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
Implications for downtown development, business mentoring and support pathways, fostering density
Networked
Ecosystem
Growth support
Startup finance and support
Idea generation and concept development
A layered ecosystem...
Economic GrowthIncentive
Procurement TechnicalAssistance
For discussion...
What does the creative economy look like in communities where you work?
What opportunities are you seeing to advance the creative economy in the communities where you work?
What barriers do you see that hinder or thwart your efforts to advance the creative economy in communities where you work?
Thank YouLars Hasselblad Torres
@VermontOCE