June 15, 2009 10:04 ET
TORONTO, ONTARIO--(Marketwire - June 15, 2009) - The Honourable Diane Ablonczy, Minister of State (Small Business and Tourism), today announced the Government of Canada's investment of close to $400 000 to support Toronto's Pride Week.
"Today's funding announcement will not only benefit the festival but also the thousands of local businesses that provide services to event attendees," said Minister of State Ablonczy. "The Government of Canada is proud to show its commitment to the tourism industry, particularly during this difficult economic period."
"We are thrilled by the federal government's announcement that we will be receiving much-needed funding from the Marquee Tourism Events Program," said Tracey Sandilands, Executive Director, Pride Toronto. "The initiatives supported by the program will enhance the festival in many ways, including improvements to the visitor experience and services for people with disabilities. Investments like these are key to the festival's success and support our efforts in growing the festival each year, especially as we prepare for our 30th anniversary next year!"
The Marquee Tourism Events Program funding will not only make it possible to improve services and infrastructure for people with disabilities, but will also be used to enhance programming and marketing efforts, including improvements to the Pride Week website - www.pridetoronto.com - which highlights Toronto and Canada as must-see destinations.
The Government of Canada, through the Marquee Tourism Events Program, is investing $100 million over two years to assist marquee events across the country. This budget funding will help event organizers expand their reach and promote Canada as a must-see tourist destination to visitors from around the globe. Additional projects are now being reviewed and successful applicants are expected to be announced at a future date.
The Marquee Tourism Events Program is one of several tourism-related programs in the Government of Canada's Economic Action Plan. These programs provide measures to support Canada's economy, stimulate the growth of tourism and contribute to the development of Canada's visitor economy over the long term. They include:
- $40 million over two years to the Canadian Tourism Commission for domestic and international marketing; and
- $150 million over two years for national parks and historic sites.
For more information, please visit the Marquee Tourism Events Program website. For additional information on Canada's Economic Action Plan, visit www.actionplan.gc.ca.
The Marquee Tourism Events Program (MTEP)
Canada's Economic Action Plan provides $100 million in funding over two years for marquee tourism events that draw a significant number of tourists to Canada.
Marquee tourism events provide significant cultural, sporting and recreational opportunities for Canadians and attract national and international audiences to all parts of the country. Support for these events contributes to Canada's visitor economy by sustaining or increasing the level of tourism and tourism-related spending that benefits hotels, restaurants and a variety of small and medium-sized businesses.
As a result, the Marquee Tourism Events Program (MTEP) will provide funding to support annually recurring, world-class events that generate significant levels of tourism and that aim to attract a significant amount of international media attention to Canada as a tourism destination. Events must be well-established and have a tradition of programming excellence.
The Government of Canada recognizes that tourism is an important driver of economic activity in all regions of Canada and that further expansion of Canada's tourism industry can increase tourism export revenues and provide stimulus to the economy at a critical time.
The program requirements are strict and targeted. All interested applicants for the MTEP must demonstrate how their event will contribute to the objectives of the program to help events deliver enhanced world-class programs and experiences, thereby increasing or sustaining the number of tourists from within and outside Canada. If funding is provided, all applicants will be required to provide annual audited financial statements for the years in which funding is received and the two years following the completion of the proposed project. An independent study examining the economic impact of the funding is also required. Applicants will also be subject to monitoring and independent audits for the funds received.
The economic impact of the tourism industry is significant, representing 2 percent of Canada's gross domestic product, over 662 900 jobs in all regions across the country and $20 billion in government revenues.
Canada's Economic Action Plan is intended to stimulate the economy and invest in our long-term growth. The tourism initiatives in this plan lay out a framework for branding Canada as a tourism destination of choice for domestic and international visitors.
Office of the Honourable Diane AblonczyMinister of State (Small Business and Tourism)Catherine Godbout613-947-5856613-668-5406 (cell)orIndustry CanadaMedia Relations613-943-2502
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