Creative Economy Initiative Sets Launch of Creative Council; Meeting Set for January 16 at Federal Reserve Bank.Business Editors BOSTON--(BUSINESS WIRE)--Jan. 13, 2003 As a culmination to four years of planning, research and advocacy, nearly 70 leaders from the business, arts, government and academic sectors from across new England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. will convene January 16 at the Federal Reserve Bank of Boston The Federal Reserve Bank of Boston is responsible for the First District of the Federal Reserve, which covers Connecticut (excluding Fairfield County), Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. It is headquartered in Boston, Massachusetts. for the inaugural meeting of the Creative Economy Council -- the group created by The New England Council to implement its economic development plan for the region's creative economy. The Creative Economy Council will continue to show evidence of the creative sector's economic power and push for policies which foster its growth. The meeting marks the first time that leaders from such a wide range of economic sectors, representing all of the segments that make up the region's creative economy cluster, are coming together to chart a shared course of economic development for New England. "Work has already begun on two major initiatives: the Design Initiative and the Film Initiative. It is hoped that the new Creative Economy Council will not only galvanize gal·va·nize tr.v. gal·va·nized, gal·va·niz·ing, gal·va·niz·es 1. To stimulate or shock with an electric current. 2. these efforts, but will also provide the momentum that the plan needs to be fully implemented and successful," said Michael S. Greco Michael Spencer Greco (b. November 22, 1942, Rende, Italy) is the Immediate Past President of the American Bar Association (2006 - 2007).[1] He is currently a partner in the Boston office of Kirkpatrick & Lockhart Preston Gates Ellis LLP. , member of The New England Council Board of Directors and Chair of the Creative Economy Initiative. The Creative Economy Council is comprised of the nearly 70 business, government, media, foundation, community and arts leaders from throughout the region. "The primary goal of the Council is to promote and accelerate the economic development of New England's creative economy," explained James Brett, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , The New England Council. "Council members will help foster partnerships and collaboration, formulate and promote policies, and leverage the financial, human and material resources needed to advance the goals of the Creative Economy Initiative." Cathy Minehan Cathy E. Minehan (born February 15, 1947, in Jersey City, New Jersey) was President of the Federal Reserve Bank of Boston from 1994-2007. She earned a Master's Degree in Business Administration from the New York University Stern School of Business in 1977 and graduated from , President of the Federal Reserve Bank of Boston, is one of the founding members of the Creative Economy Council. She noted the importance of expanding the Council's membership to include representation from business and government throughout the region. "The input from the regional representatives is critical to the success of the strategic blueprint for economic development. The members of the Council will underscore The underscore character (_) is often used to make file, field and variable names more readable when blank spaces are not allowed. For example, NOVEL_1A.DOC, FIRST_NAME and Start_Routine. (character) underscore - _, ASCII 95. that expertise with a unified voice as well as visibility. It is our hope that this group will be energized to promote dialogue and exchange among industry members within and beyond New England," Minehan said. The Creative Economy Initiative was founded four years ago as a partnership among The New England Council, the New England Foundation for the Arts, the six state arts agencies of New England and the Boston Symphony Orchestra Boston Symphony Orchestra, founded in 1881 by Henry Lee Higginson, who was its director and financial backer until 1918. The orchestra performed at the Old Boston Music Hall for nearly 20 years until Symphony Hall was built in 1900; its concerts continue to be held . Following an economic impact study in which the creative economy was examined and re-defined, the goal of the subsequent strategic plan is to increase public and private investment in New England's creative economy as a means of stimulating regional economic growth. The initial research, released in "The Role of the Arts and Culture in New England's Economic Competitiveness," for the first time analyzed the creative sector in its entirety, including nonprofit and commercial enterprises and individual artists. The statistics were startling star·tle v. star·tled, star·tling, star·tles v.tr. 1. To cause to make a quick involuntary movement or start. 2. To alarm, frighten, or surprise suddenly. See Synonyms at frighten. - revealing that the creative economy provides jobs for some 245,000 New Englanders, generates more than $4.4 billion in payroll alone and surpasses other leading industries such as biotechnology and computer software in number of jobs and rate of growth potential. Having re-defined the creative economy, The New England Council and its Creative Economy Initiative Steering Committee steer·ing committee n. A committee that sets agendas and schedules of business, as for a legislative body or other assemblage. steering committee Noun crafted a strategic plan to guide increased business and government investment in this sector. The "Blueprint for Investment in New England's Creative Economy," proposes a groundbreaking regional investment strategy. The New England Council is the nation's oldest regional business organization, dedicated to promoting economic development in the six-state region. RSVP (ReSerVation Protocol) A communications protocol that signals a router to reserve bandwidth for real time transmission. RSVP is designed to clear a path for audio and video traffic, eliminating annoying skips and hesitations. : Editors: Attendees need to RSVP to The New England Council at 617/723-4009 ext. 27 in order to have their name on a list for security. |
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