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OTC Disclosure & News Service

 

GFD Subsidiary Art Force Sponsors Artwork and Creative Economic Development Study

May 27, 2015

OTC Disclosure & News Service

Minneapolis, MN -

General Finance and Development, Inc. (OTC Markets: GFDV)

This spring, a market study assessing the impact of visual art in commercial environments is being conducted by business students at the University of St. Thomas and other business schools. Professor Timothy Murray, from the business school of University of St. Thomas, is directing the study.

The market study will focus on organizations and leadership based in the Minneapolis - St. Paul metro area. Based upon research studies that have found art can improve employee productivity and retention, and impact patient outcomes in healthcare, the final report will provide an indication of the awareness of art as an asset.

Up to 200 business leaders will be surveyed and interviewed for the study.

The project is being sponsored by Minneapolis based Corporate Art Force, dba Art Force, a commercial art distribution and management firm that has distributed over 28,000 pieces of artwork to facilities in 42 states across the country, and represents over 1,000 artists—many of them local artists from the Northeast Minneapolis Arts District. The survey coincides with the Minneapolis 10-year Creative City Roadmap that is scheduled to be completed by year-end.

According to the Creative Vitality Index (CVI) completed in 2013 and updated in 2014, the Minneapolis -St. Paul area ranked number 5 in the nation, identified “as a hotbed of creative activity.” A large number of organizations, both for profit and non-profit, represent the burgeoning art market in Minneapolis/St. Paul.

According to a recent article on MSN.com, of the 150 largest U.S. cities WalletHub ranked the Twin Cities area number 5 in the country for a college graduate to move to in search of a healthy career. The Twin Cities region boasts 18 Fortune 500 company headquarters. In addition to hosting the second-highest levels of economic activity in the Midwest (behind Chicago), the Minneapolis – St. Paul area is a centralized hub for medical research and development, buoyed by the Mayo Clinic and University of Minnesota.

Many artists and related professionals in interior design and art consulting are located in the area and many are attempting to develop their professional careers.  The Creative Economic Development Study will help quantify the opportunities in the marketplace for both art- related professionals and organizations who utilize their creativity to improve their work environments.

The foregoing material may contain forward-looking statements. We caution that such statements may be subject to uncertainties and that actual results could differ materially from the fore-going statements. Readers accordingly should not place undue reliance on these forward-looking statements which do not reflect anticipated or unanticipated events or circumstances occurring after the date of these forward-looking statements. More information regarding General Finance and Development including financial statements and reports is available at the company’s website www.genfd.com and www.otcmarkets.com.

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