Not content to live solely off public tax dollars, Richard Florida has extended the consulting expertise of the Creative Class® Group to numerous private sector clients. While the complete list of clients is not available to the public (who pay Richard’s base salary at the University of Toronto of $346,041.48 CAD) we can determine a few clients from his website.
From this list it is apparent that the corporate subsidies allocated to the Creative Class® Group pale in comparison to its illustrious clients. For now, let’s take a gander at the financial sector.
Based on data from the website Pro Publica, the U.S. federal government has committed bailout funds to the following clients of Richard Florida:
$50 billion to Citigroup (3rd largest commitment)
$10 billion to Goldman Sachs (9th largest commitment)
$4.9 billion to Sun Trust (14th largest commitment)
Evidently the Creative Class® Group was teaching these banks one of its fundamental yet unmentioned principles: corporations succeed when they receive vast quantities of unaccountable funds from the state. Richard gets richer too.