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Meet the New York Lawmaker Who Wants to Replace the BitLicense “This will replace the BitLicense.” It’s safe to say Assemblyman Ron Kim has high hopes for his newly proposed New York law, Bill A9899. Submitted to […]

zerohedge.com / by Tyler Durden / Apr 14, 2017 10:31 PM

Much has been written about the role of the creative economy as a key indicator of economic health. As Visual Capitalist’s Nick Routley writes, the “rise of the creative class” and “creative clusters” are concepts that inform the larger conversation on cities as the economic drivers of regions. As a result, everyone from academics to governments are increasingly looking for ways to measure the scope and size of the creative economy.

According to the U.S. Bureau of Economic Analysis, the creative economy accounts for 4.2% of the GDP and is valued at $704 billion. It’s also a segment of the economy that’s still growing. For example, art director and graphic design jobs are growing across the country at rates of 9% and 13%, respectively.

While there is no consensus on where to draw the line on what jobs or sectors are “creative”, we do know that cities are the primary places where measurable creative activities take place.

Today’s infographic from Homes.com measures the number of creative jobs, creative schools, performing arts companies, and motion picture and video companies, to create the Creative City Index. While not comprehensive, it is an interesting snapshot of the creative economy of the country.

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