Culture and Community Revitalization: A SIAP/Reinvestment Fund Collaboration—2007-2009
Between 2006 and 2008, with support by the Rockefeller Foundation, SIAP collaborated with The Reinvestment Fund, a community development financial institution (CDFI), on an investigation of the cultural sector's potential contribution to neighborhood economic and community development. Reinvestment Fund staff of challenged SIAP to identify how its research on the role of arts and culture in urban communities could be applied to the practice of revitalization and redevelopment. In turn, SIAP challenged Reinvestment Fund to redefine how a CDFI could think about the cultural sector. One surprise outcome was Reinvestment Fund's realization that it was already investing in the cultural sector. In fact, around 8 percent of its total portfolio consisted of creative sector projects, including the Crane Arts building (see 2007 policy brief).
Through the collaboration, Reinvestment Fund and SIAP arrived at a common perspective. The team agreed that today's urban policy environment requires us to consider a wider range of "players" in the development of strategies and that the gap between policy-makers and practitioners has narrowed. They agreed, as well, that an ecological approach that focuses on how different elements of the cultural sector interact with neighborhood regeneration processes is a productive starting point for the emerging field of culture-based revitalization. Finally, they endorsed the need to integrate policy, research, and practice to advance this field.
The SIAP/Reinvestment Fund collaboration produced a critical review of the literature, including discussion of the changing structure of the cultural sector in the context of "the new urban reality"; a set of policy briefs; and a prospectus for community investment. The reports and briefs in the SIAP Collection can also be found on the Reinvestment Fund website: https://www.reinvestment.com/impact/research-publications/?topic=creative-economy.
Two articles based on the SIAP/Reinvestment Fund collaboration were published in the Grantmakers in the Arts Reader: Volume 19, No. 3, Fall 2008 (Seattle: Grantmakers in the Arts). The articles—"Culture and Community Revitalization: A Collaboration” by Susan C. Seifert, Mark J. Stern, and Jeremy Nowak—are available online at: https://www.giarts.org/article/culture-and-community-revitalization-collaboration.