Tuesday, December 21, 2010

The qualitative and quantitative benefits of DC's creative economy

The Committee on Housing and Workforce Development (At-large CM Michael Brown, chair) held a public oversight roundtable on "Job Creation and the District's Creative Economy" on December 17.   More than 30 folks registered to testify.   CM Brown set the stage for the roundtable in his opening remarks.

The Creative Economy Association of the North Shore says the creative economy

consists of those industries that have their origin in individual creativity, skill and talent and which have a potential for wealth and job creation through the generation of ideas, products and/or services.

This economy involves music, performing arts, fashion, writing, film, design, and more.   The value of the creative economy to the District is significant as illustrated by a report written by the Office of Planning and the DC Economic Partnership, Creative Capital:   the Creative DC Agenda.   The Office of Planning has this to say about the findings of the report:

The study found that there are more than 75,000 direct jobs in the District’s creative sector, which generate more than $5 billion in income each year.   These jobs amount to more than 10 percent of the city's employment base; many of these jobs are in the media, culinary, museum and design industries.

The creative economy is also important to young people.   Training children and youth to participate is one way to grow the local job base and individual and community prosperity.

You can watch the hearing online.

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