MONTRÉAL, March 19, 2019 /CNW Telbec/ - Made public this afternoon, the federal budget is very well received by le Festival International de Jazz de Montréal, Les Francos de Montréal and Montréal en Lumière, all proud members of FAME (Festivals et événements majeurs Canada) and le RÉMI (Regroupement des événements majeurs internationaux au Québec).
The budget includes an important increase of the sums allocated to the Canada Arts Presentation Fund (CAPF) and the Building Communities Through Arts and Heritage program, the main existing Canadian government programs supporting the industry and the various performing arts presenters. The creation of the Canadian Experiences Fund, as part of the new Federal Strategy on Jobs and Tourism, is also good news, as are the measures ensuring the safety of citizens during major popular gatherings.
"We welcome this news with much joy," says Jacques-André Dupont, President and Chief Executive Officer of the Festival International de Jazz de Montréal, Les Francos de Montréal and Montréal en Lumière. "These new funds will allow us to invest more in supporting Canadian artists, developing accessible, free activities for the whole community, and potentially increasing the international reach of our culture. Since safety is an important issue for such major gatherings as festivals, we're also happy that the government is recognizing that. Finally, the Canadian tourism industry will be given a new vision, which obviously delights us."
A few months ago, a KPMG study assessed that a group of 17 Canadian events generated annual economic benefits of $290.8 million (added value at market prices), that it created or maintained the equivalent of 4,606 jobs (full-time equivalent) and generated tax revenues of $66.6 million, including $17.3 million for the Government of Canada. The same study concluded that the Government of Canada recouped 1.78 times its investment in events by way of taxes and fees.
SOURCE Équipe Spectra Inc.
For further information: PHILIP VANDEN BRANDE, Senior Manager, Public Relations and Media Relations, L'Équipe Spectra, T. 514 925 2005, [email protected]