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S.C. Arts Commission Grants

ArtsGrowSC - Individual Development Account (IDA) for Artisans

Purpose

The Individual Development Account (IDA) for Artisans is a matched savings program that will initially focus on Spartanburg-area artists. Those who qualify will commit to saving an agreed-upon amount of money over six months and up to one year. The Arts Commission and CommunityWorks will then match the savings at a 3:1 rate; an artist who saves $1,000 is eligible to receive a match of up to $3,000.

 

Funds may be used to launch a new arts-based business, alter or expand an existing business, or purchase long-term assets such as equipment.

 

The Chapman Cultural Center is a partner in the IDA program.

 

Please contact Program Director Joy Young, (803) 734-8203 for more information.

Eligibility Requirements

 

Applicant Must:

  • Be a professional-caliber artist
  • Be a legal resident of the U.S. and Spartanburg County with a permanent residence in the state for at least one year prior to the application and throughout the grant period; and
  • Not be a degree-seeking, full-time student during the grant period.
  • Be qualified through income and asset review process to include:
    • Meeting IDA income limits/size of household income limit
    • Completing a financial wellness checkup with a CommunityWorks financial counselor
    • Opening an IDA account at a partner bank or credit union
    • Saving at least $25 a month in the IDA account for 6-24 months
    • Meeting with CommunityWorks financial counselor quarterly

Additional Requirements:

  • Accepted applicants will commit to:
    • Attendance at no fewer than two convenings designed to further the professional development of participating artist entrepreneurs. These meetings will take place during 2017 and 2018.
    • Submission of quarterly progress reports (narrative and financial progress) to the Arts Commission over the course of the program.

How to Apply

The first step in applying for an Individual Development Account (IDA) for Artisans is contacting Program Director Joy Young, (803) 734-8203.

 

Section One: Applicant Information

Please provide the following on a single page (if not applicable, indicate with N/A)

  • Name
  • Artistic discipline
  • Mailing address
  • Primary phone number
  • Email address
  • Doing business as (if applicable)
  • Business street address
  • Business phone number
  • Business email address
  • Business website
  • Organizational structure
  • Legal status of the venture (e.g. Sole Proprietorship, LLC, etc.)
  • Permanent operation or one-time event
  • Are you registered with the S.C. Secretary of State?

 

Section Two: A Summary of Your Business Idea or Plan

In no more than two pages, provide a summary to address the following:

 

  • The business's mission statement (write a statement to explain the business goals in at least three dimensions: what the business does for its customers, what it does for its employees, and what it does for you, the owner).
  • A description of the arts-based business's operations (what is the business, and the processes that accomplish the work).
  • List other primary contributors, partners, or assistants involved in this business.
  • An explanation of how you anticipate the savings will be utilized.

 

Section Three: Work Samples

 

  • Work samples Please submit work samples that best represent the type of work you will be doing in relation to this business.
  • All work samples should be current (less than five years old).
    • For visual arts and design – 10 high-resolution images
    • For literary arts – two sets of writing samples, totaling 10 pages per set (double-spaced, 12 point type).
    • For dance, film, media, music, or theatre – a 5-minute, high quality recording of principal performer, or service/product demonstration. Your recording may be submitted one of two ways: 1) Send a CD, OR 2) Send a PDF or Word document that lists the Internet link for your recording.

 

 

If you have questions about work samples, please contact Joy Young, (803) 734-8203.

 

Section Four: Professional resume

 

Please include both artistic and entrepreneurial experience.

 


Questions?

Contact Joy Young, (803) 734-8203 for more information.