The WESST Enterprise Center in Albuquerque recently launched a new Creative Practice, Innovation and Enterprise Program designed to help creative individuals develop the skills and resources they need to turn their endeavors into profitable and sustainable business activities. Funding for the program, dubbed Creative P.I.E., came from an $85,000 grant from the Mayor’s Prize for Entrepreneurship.
According to WESST, Creative PIE will offer customized workshops, quarterly peer networking events, and individual mentoring and consultation to creative entrepreneurs. A four-part workshop, for example, will begin this month to help artists and craft makers launch online business through the Etsy global marketplace. An upcoming “legal clinic” — hosted by WESST in collaboration with New Mexico Lawyers for the Arts — will answer questions about copyrights, intellectual property and other issues while providing one-on-one consultations.
From the Albuquerque Journal:
New Mexico is part of a growing national and international focus on creative industries. According to a report last year from the U.S. Commerce Department, the creative economy accounted for about $700 billion of the U.S. gross domestic product as of 2012, providing about 4.7 million jobs.
And those estimates may have been conservative as the Commerce Department is still defining what falls under the rubric of creative industry, said Alice Loy, cofounder of Albuquerque’s Creative Startups business accelerator.
“The Commerce Department used a rather narrow definition for the report,” Loy said. “Among others, they didn’t include software engineers who work for music companies. Many people think big corporations like Disney or Adobe are technology firms, but those companies really fall much more within the creative industries.”
Worldwide, about 30 million people worked in the creative economy as of 2013, contributing about $2.25 trillion in revenue, or about 3 percent of global GDP, according to a new report from the United Nations Educational, Scientific and Cultural Organization. For comparison, the global telecommunications industry contributed about $1.57 trillion in revenue in 2013.