Introduced by Senator Tom Udall (D-NM) at Art Advocacy Day on March 8th 2016, the Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy (CREATE) Act aims to more thoroughly serve the people, places, and programs that make our nation’s creative economy prosper in all its cultural, social, and commercial forms. This sweeping legislation expands on the research of numerous economic studies, such as Americans for the Arts’ Arts and Economic Prosperity, our Creative Industries maps, and the Artists, Entrepreneurs, and the Creative Economy Statement of Concern in the Congressional Arts Handbook.
Through minor adjustments to existing federal programs, the legislation takes steps to better invest in our country’s workforce and creative industries, while empowering the entrepreneurial spirit of artists and encouraging their role as contributors to the small business community.
The CREATE Act aims to support the people who comprise the creative economy, namely artists and creative entrepreneurs, by:
- Expanding programs at the Small Business Administration (SBA) to increase microloans, business loans, and technical assistance for artists;
- Requiring the Economic Development Administration (EDA) and U.S. Department of Agriculture’s Rural Development Administration ensure that traditional economic development tools, such as incubators and grant programs, support the creative economy throughout the country; and
- Ensuring access to FEMA’s disaster relief assistance for artists impacted by natural disasters.