Miami Based BLUE MAHOE CAPITAL Invests In Kingston Creative
March 15, 2021 – Kingston, Jamaica Kingston Creative is set to receive $1 million JMD from Blue Mahoe Capital Inc, an impact investment company based in Miami, Florida. The funding is part of Blue Mahoe’s outreach to arts and entertainment businesses in the Caribbean, in which it aims to build capacity.
The first investment goes to Kingston Creative; a Jamaican NGO whose mission is to transform Kingston into the creative capital of the Caribbean. It already has implemented 65 street art murals, created signature art festival events like the Artwalk, trained over 4000 creatives and built two arts spaces including the Creative Hub at 107 Harbour Street.
“Many creatives have expressed to us the devastating effect of lockdown on their businesses, including widespread loss of income and layoffs across the cultural and creative industries, so this funding comes at a critical time. It helps us to keep creatives employed on arts projects like Paint the City and the Artwalk,” said Kingston Creative’s Executive Director, Andrea Dempster Chung.
Prior to the contribution from Blue Mahoe Capital, the non-profit had a target to raise $20 million JMD from the Diaspora, to provide matching financing for 30 more murals in the Downtown Kingston Art District and developmental programmes for creatives like Createch, which is partially funded under a 3-year $1.295 million USD agreement with the Inter-American Development Bank (IDB).
“The creative industries remain a priority for the Blue Mahoe team and we believe that businesses in the Caribbean with this focus should be supported. The products and services are an authentic representation of the people. We support the movement wholeheartedly,” says Vice President of Sport and Entertainment, Carole Beckford.
Blue Mahoe’s CEO David Mullings has provided voluntary service to the organisation and helped to shape their strategy, as he currently sits on the Kingston Creative’s Global Advisory Board.
Blue Mahoe Capital will aid not only Jamaica but the wider Caribbean and African Diaspora, bringing visibility to the many countries in the Caribbean and the value they bring to the world: technologies, innovative thinking, creative ideas and exceptional talents, all waiting on the right opportunities for funding to fulfill its potential to capacity.
ABOUT KINGSTON CREATIVE
Kingston Creative is a non-profit organisation that believes that Kingston is the Creative Capital of the Caribbean. Kingston Creative has engaged key stakeholders in the community, government, academia and the private sector to support the vision of creating an Art District and hub for creative entrepreneurs in Downtown Kingston over the next five to ten years.
ABOUT BLUE MAHOE CAPITAL INC
Blue Mahoe Capital Partners Inc. is an impact investment company based in the USA, which is focused on providing diverse investors access to the emerging economies and markets of the Caribbean region and serving under-represented founders.
Blue Mahoe Capital Partners Inc.
1111 Brickell Ave. Floor 10
Miami, FL 33131
T: 1-844-342-6631 Ext. 5
MISSION: To elevate the brand of Caribbean culture in the fields of MUSIC, BUSINESS and the ARTS by celebrating the work of cultural ambassadors while advocating for upcoming Caribbean talent1.