The Ontario Arts Council (OAC) has announced that the Ministry of Tourism, Culture and Sport has confirmed that OAC will receive $60 million as its operating allocation for the 2024-25 fiscal year.
“The Ontario Arts Council is an important partner in our government’s ongoing efforts to promote a thriving arts and culture sector in Ontario,” said Neil Lumsden, Minister of Tourism, Culture and Sport. “This funding will ensure that artists and arts organizations can continue to enrich the lives of Ontarians, boost local economies and contribute to building the dynamic communities in which we are proud to live, work and play.”
In 2022-2023, OAC invested $57.1 million in 224 communities across Ontario through 2,344 grants to individual artists and 1,042 grants to organizations.
This support allowed organizations that receive annual OAC operating funding to:
Generate an economic impact of $1 billion from direct spending and contribute significantly to an annual $11.4 billion in arts and culture tourism visitor spending in Ontario.
Provide over $109 million in direct and indirect tax revenues from their direct spending, and contribute significantly to the $1.9 billion in provincial tax revenue for the province from arts and culture tourism.
Froese Law supports Ontario’s creative industries and its thriving arts and culture sector. If you are an artist or cultural organization and want to learn more about how to tap into grants from the Ontario Arts Council to fund your initiatives, please reach out to our Government Grant Consultant Weiyi Chang at weiyi@froeselaw.com.
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