“Missing Markets”: The Federal Reserve Supports Arts & Culture

Did you know that the Federal Reserve Bank of New York (a branch of “The Fed”, the central bank of the United States) has a working group on arts and culture? Arts and culture was identified as one of 20 “Missing Markets” – areas that have the possibility of contributing more to economic growth if they are supported.

I learned about this initiative at the Artists Thrive Summit last week when Darryl Ratliff, an artists, entrepreneur, and investor from Dallas and one of the working group members, presented on their work.

It’s great to see arts and culture presented as an economically viable, profitable sector on its own by someone other than arts advocacy groups. I look forward to seeing what else comes from the working group.

Photo by Brock Wegner on Unsplash