12th District Congresswoman Debbie Dingell (D-Dearborn) is co-sponsor of a measure aimed at creating greater support for the creative industries, including artists. The legislation is known as the CREATE Act. In this week's edition of creative:impact, WEMU's David Fair and President and CEO of The Arts Alliance, Deb Polich, learn kmore about what passage of the bill would mean, locally.
Creative industries in Washtenaw County add hundreds of millions of dollars to the local economy. In the weeks and months to come, 89.1. WEMU's David Fair and co-host Deb Polich, the President and CEO of The Arts Alliance, explore the myriad of contributors that make up the creative sector in Washtenaw County.
This week's topic: The CREATE Act
CREATE Act, introduced into Congress by Debbie Dingell and Senator Tom Udall
Key provisions include:
- Direction that the U.S. Small Business Administration (SBA) should work with micro-lenders, traditional lenders and regulators to ensure that artists and entrepreneurs have access to micro-loans and that loan program criteria are not discriminatory toward arts-related businesses.
- Support for the development of SBA technical assistance programs targeted to meet the needs of the creative economy.
- A requirement that the Economic Development Administration and Rural Development Administration ensure that traditional economic development tools, such as incubators and grant programs, support the arts industry.
- Updates to the law to allow artists to claim tax deductions for charitable contributions based on the sale value of a piece of artwork, rather than the value of the materials used to create the artwork.
- The creation of an Artist Corps (similar to the AmeriCorps) within the Corporation for National and Community Service to help expand access to arts and arts education in communities, and to assist art entrepreneurs with grant writing, marketing and financial planning.
- The creation of a demonstration project to promote creative and performing arts in local economic planning.
- Measures to expand cultural and educational opportunities for American students and families by encouraging foreign governments to lend artwork to U.S. museums and educational institutions and expediting the visa process for foreign visual and performing artists hosted by American organizations