Philadelphia-based The Reinvestment Fund (TRF) recently announced a report that focuses on how arts and culture are key ingredients to neighborhood revitalization. Pairing with Innovation Philadelphia’s recent report, Creative Footprint, it is clear that they creative industry is a strong economic generator of the Philadelphia Region.

Creativity and Neighborhood Development: Strategies for Community Investment

From the transformation of an old factory into a vibrant arts facility, to the development potential of public art and festivals, this publication offers recommendations for investment in arts- and culture-related activity as a strategy for neighborhood development.

Resulting from TRF’s collaboration with the Social Impact of the Arts Project and the Rockefeller Foundation, Creativity and Neighborhood Development: Strategies for Community Investment demonstrates that arts and culture can be a key ingredient in neighborhood revitalization.  The publication calls for investing in community-based creative activity, and offers investment ideas for creativity, development and knowledge.

This collaboration has also resulted in four briefs which examine issues related to creativity and neighborhood development.  The incubator document for the collaboration, called Culture and Urban Revitalization: A Harvest Document, is SIAP’s review of the literature.

All of this work is available at http://www.trfund.com/resource/creativity.html

The Reinvestment Fund (TRF) is a national leader in the financing of neighborhood revitalization. What began in 1985 as a small community development organization working in Greater Philadelphia, has evolved into a progressive, results-oriented, socially responsible community investment group that today works across the Mid-Atlantic region.