The City of Eugene and the Arts and Business Alliance of Eugene (ABAE) are excited to announce that Shadowfox will be the first recipient of financing through the new Arts and Business Loan program! Shadowfox features the work of Pancoast, a local artist whose creations range from hand built shadowboxes to up-cycled earrings, and unique home décors. The Arts and Business Loan program promotes community and economic development in Eugene by providing financial support to local businesses, arts organizations and artists.
Shadowfox was founded by Pancoast in 2012. He combines multiple disciplines and techniques in his creations, transforming hand drawings into three-dimensional art pieces. Shadowfox began as a vendor at the Eugene Saturday Market, Oregon Country Fair, and other local festivals, before opening a storefront in the heart of downtown Eugene in June 2015.
The Arts and Business Loan is a new program established through a partnership between the City of Eugene and the Arts and Business Alliance of Eugene. The program directly supports arts and culture in Eugene by offering quick, low-cost loans for new projects or business improvements that utilize the arts to promote community and economic development.
“The exciting improvements that Shadowfox has planned are exactly the sort of arts-based activities anticipated when the City of Eugene and ABAE created the Arts and Business Loan program. We look forward to many more such projects being funded through this unique financing option to the benefit of the entire Eugene community,” commented John Barry, Managing Director of the Arts and Business Alliance of Eugene.
Shadowfox plans to use the loan funds to improve the gallery including updating light fixtures, making architectural changes, placing new awnings outside, and adding a brand new sign along W. Broadway. These updates will help support a unique collaboration of art and business, and Shadowfox and Perk Coffee and Espresso will join forces to offer coffee, beer, and wine at the location. The businesses plan on holding a grand opening in the space when improvements are completed later this fall.
The Arts and Business Loan program offers a variety of financing options for eligible applicants. Commercial businesses, not-for-profit entities, and individual artists are eligible to apply, provided they are located within the City of Eugene. For more information on the program, please contact Aaron Doreen at (541) 682-5448 or firstname.lastname@example.org or visit http://artsbusinessalliance.org/loanprogram/.