Ontario Music Fund Grants Go to 123 Recipients
Funding Will Help Ontario-based Music Businesses Innovate and Expand
This year, 123 recipients will receive more than $14 million in grants from the Ontario Music Fund.
Premier Kathleen Wynne announced the grants today at Coalition Music in Toronto, one of the companies that received support through the Ontario Music Fund last year. The fund provides grants to music businesses -- large and small -- that produce, distribute and promote Ontario-based music and artists. This support is helping create a business environment where Ontario's talented artists from diverse musical genres and backgrounds can grow and thrive, while helping the industry become even more competitive internationally.
Support from the first year of the Ontario Music Fund has already helped create or retain 2,000 jobs and produced $24 million in additional revenue for music-related businesses.
Investing in Ontario's music industry supports the government's economic plan for Ontario. The four-part plan is building Ontario up by investing in people's talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives and building a secure savings plan so everyone can afford to retire.
- Announced in 2013, the Ontario Music Fund is a three-year, $45-million grant program.
- The music recording industry generates more than $429 million in revenue in Ontario every year.
- Ontario generates more than 80 per cent of Canada’s total music industry revenue.
“By establishing Ontario as one of the leading destinations in North America to record and perform, we are supporting the music companies, artists and cultural institutions that bring our sound to the world, boosting a vibrant and important industry, and helping to create good jobs.”
“By investing in the music sector through initiatives like the Ontario Music Fund, our government has ensured that Ontario remains Canada’s top jurisdiction for making, producing and performing music. I’m proud that Ontario continues to be one of the most diverse music sectors in the world and a place where artists can grow and thrive right here at home.”