A daily round up of the most important global creative economy stories

HK’s creative industries poised for growth
“Hong Kong possesses all the necessary elements to grow its cultural and creative industries to a scale that could match the UK in terms of contribution to the overall economy, Chief Secretary Henry Tang says. …he highlighted Hong Kong’s determination to turn the challenges of the international financial crisis into opportunities through a more diversified economy.” Read More

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Cuts to arts budgets would lower Britain’s earning power
“…But there is a serious point to make. Cuts to the arts budget, by any government, would not just hurt the arts: the British economy will also suffer if the creative industries do not remain a priority. It is estimated that by 2013, the creative industries will contribute £85 billion to the British economy, making them one of the fastest-growing areas, not far behind financial services. That’s how important arts, culture and creativity are to this country.” Read More

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Global Community Meets in Austin, Tx
“…The UK will be represented across all three festivals with a Platinum trade stand presence and an unprecedented participation of creative industry creators and business people. “The UK has a great tradition of collaboration between its creative industries, generating a wide range of commercial and creative opportunities worldwide,” says Phil Patterson, International Business Specialist for Music, UK Trade & Investment. ” Read More

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Arts guy praises ‘creative economy’
“…Everybody is fascinated by Mississippi. They love us in Japan. We’re big in Germany. We’re killing them up in New England, and they’re coming down here. But the question is: Are we ready for company?” White asked, and then quickly answered his own question. “We receive a lot of international and national tourists here because they’re fascinated with our story — they come here, but we’re not organized.” Read More

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Detroit Grant Recipients
“A place where people and creative industries could live and work, where they can create new economies for Detroit, to help the region move from manufacturing base to being more knowledge driven.” Read More