2. Why We Must Act
Arts are an essential component of healthy, livable, and diverse communities. A resilient and thriving creative economy requires affordable, long-term, multi-use space for artists, cultural organizations and their communities.
We must create space that small, community organizations and artists can share, program and afford
Smaller organizations cannot reach their potential if they are responsible for solving the problem of space and capital
We must prevent our region from becoming a place in which only larger organizations thrive s

3. Number of Operating Nonprofits
Arts Nonprofits in Boston by Operating Budget
Budget
Number of Operating Nonprofits
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Gazillion orgs they all need space and we have space
Highest priority needs
1 is money
2 is space
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4. The Creative Campus: The Solution
The Creative Campus is a mission-driven real estate initiative that invests in the arts sector and its diverse people, organizations, and communities. Through a fund dedicated to developing and owning creative real estate projects, we seek to eliminate barriers for smaller organizations and individual artists to access affordable, long-term, flexible space in the Greater Boston Area.
Similar Models:
Slide Two: what's the solution?
Contents include best practice examples from San Francisco, Minneapolis and elsewhere.
Bay Area
Twin Cities

5. Why Us
As the Arts & Business Council (A&BC), we know the important role of arts and culture in revitalizing communities. Our 30+ years of experience have taught us about the profound positive effects arts and culture can have on youth, especially in underserved neighborhoods. Now we want to tap into that power to save and reinvent one of the City’s greatest assets.
This project will be a catalyzing effort of the A&BC’s Creative Campus—a mission-driven initiative seeking to preserve and develop affordable creative spaces in support of diverse and underserved communities.

6. The Vision
We will address the space and capital problem for small arts organizations by establishing The Creative Space Impact Fund, which will establish Creative Campuses by developing and owning creative real estate projects throughout the greater Boston Area
The focus of the Fund will be twofold:
Access to development capital (20-30% equity) to take advantage of opportunities
General operating costs for administration, fundraising, real estate planning, and research

7. How We Will Break the Cycle
The Creative Space Impact Fund will serve these diverse artists and the community at large by:
Developing and owning creative properties that invest in diverse communities by securing affordable, sustainable, and flexible space for artists and their respective organizations.
Providing meaningful, efficient, and impactful ways for champions of the arts, corporations, and foundations to support the arts sector.
Leveraging the A&BC’s business and professional development programs to help artists/arts organizations build capacity to survive and thrive.
Providing consulting services to developers, government and nonprofit/artists collaboratives seeking to develop creative spaces or increase organizational capacity.
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8. The Creative Space Impact Fund
Creative Campuses
(Multiple Locations Where Arts Organizations Can Come Together)
Our Signature Project =

9. The Project
2 Ionic Avenue in Worcester was once a vital community asset. This historic building, desperately in need of rehabilitation, is now preparing for a complete transformation into The Creative Hub Worcester in the next 12 months. The revitalized building will serve emerging and established artists, local at-risk youth, and the community at large as a gathering place for art lovers and audiences of all ages. But only if we act now.
We must raise the necessary funds through state, local, and philanthropic sources or the City of Worcester—and a neighborhood desperately in need of affordable programs and collaborative space—risks losing one of its greatest assets.
Slide Four: Who is The Arts & Business Community of Boston and why are they positioned to be able to achieve this vision?

10. The Plan:
Worcester
Raise the necessary funds to renovate and enhance 2 Ionic Ave in an effort to shape the future of Worcester by revitalizing one of it’s greatest assets and establishing a unique artists community and creative space.
The CARES Campaign (Creative Arts Real Estate Solutions)
Champions of the Arts
Municipal, state and federal support
Other—including private foundations, tax credits, bank loans, tenant partnerships, and like-kind products and services
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11. A&BC CARES Campaign Creative Arts Real Estate Solutions
We invite individual and institutional investors to make transformative gifts totally $3 million that will capitalize The Creative Space Impact Fund. Investors are invites to acquire investment units in increments of $50,000, for which payment can be made in one to five years, depending on donor preference.
Total Raised To Date = $X,XXX
$750k
$900k
$800k
$550k
$3M
Three $250,000 Investors Needed (5 Units Acquired)
Six $150,000 Investors Needed (3 Units Acquired)
Eight $100,000 Investors Needed (2 Units Acquired)
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Eleven $50,000 Investors Needed (1 Units Acquired)
TOTAL

12. How You Can Help
We are working to build an engaged and involved team of supporters to help bring this project to life.
Some ways to get involved in this project include:
Making a contribution
Making introductions
Hosting a reception
Joining a host committee
…Many more!
To learn more please reach out directly to the A&BC’s Jim Grace or Laura Cashel
Slide Eight: How you can help?
Contents include options to participate including contribute, introductions, host a reception, join the host committee, etc.

13. Seeking Founding Investors…
Recognition Opportunities:
$1M Gift = Naming Rights for a full building on one property
$500,000 Gift = Naming Rights for Tier 1 or Tier 2 space on all properties, aligned to arts discipline of your choice (music, dance, theater, visual arts, etc.)
$250,000 Gift = Naming Rights for Tear 3 or 4 space on all properties
$150,000 Gift = Naming Rights for Tear 3 space on one property
$100,000 Gift = Naming Rights for Tear 4 space on one property
$50,000 Gift = Wall of Arts Champions on all properties
Slide Eight: How you can help?
Contents include options to participate including contribute, introductions, host a reception, join the host committee, etc.

14. THANK YOU!
Thank you for helping us to create accessible, sustainable community art spaces in the neighborhoods that need them most. We look forward to developing a facility motivated and molded by the goals and needs of the community.

15. Appendix

16. Move to Appendix