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The original item was published from 7/11/2016 10:09:00 AM to 7/11/2016 10:16:30 AM.

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Posted on: July 11, 2016

[ARCHIVED] New Arts and Business Loan Program Awards

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.

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.

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