A Minneapolis-based nonprofit that develops affordable space for artists and arts organizations has been awarded a three-year, $3 million grant from the Kresge Foundation.
Artspace Projects Inc. says $2 million of the grant will be used to expand its consulting services to organizations seeking to hinge community development efforts on the arts. The final $1 million will be used to create an operating reserve.
“Although we have received major grants in the past, this scale of support for the core operations of Artspace is a terrific step forward,” Artspace president Kelley Lindquist said in a statement Wednesday.
Artspace says it is America’s leading developer of arts facilities, with 30 projects in 13 states. It says it has completed more than 1,000 affordable live/work units for artists as well as more than 1 million square feet of nonresidential space for artists and arts organizations.
With assets of $3.1 billion, the Kresge Foundation is based in Troy, Mich., and was established by a founder of the S.S. Kresge Co., which pioneered five-and-dime stores and later became Kmart.
The foundation is headed by Rip Rapson, a former deputy mayor of Minneapolis and past president of the McKnight Foundation.
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