Canadian Publishing Industry News
9 October 2020,    
Ontario invests $5 million in book and magazine publishers
Lisa MacLeod, Minister of Heritage, Sport, Tourism and Culture Industries
Lisa MacLeod, Minister of Heritage, Sport, Tourism and Culture Industries
 The Ontario government is investing nearly $5 million in grants to help independent book and magazine publishers access new markets. The funding will be used for business development, to increase participation in virtual activities and events, to develop business strategies, and to support innovative business practices.

The announcement was made last week by Lisa MacLeod, Minister of Heritage, Sport, Tourism and Culture Industries during an event in Toronto. The government approved 95 grants to businesses to support the recovery of the province’s culture industry through Ontario Creates, an agency of the Ministry of Heritage, Sport, Tourism and Culture Industries.


In total, grants were given to 42 magazine publishers, 32 book publishers, 20 companies for virtual activities, and 1 recipient to support innovative business practices.

 


"When the COVID-19 pandemic began, Ontario's heritage, sport, tourism and culture industries were among the first and hardest hit. They will take the longest to recover but are vital to the economic and social fabric of our province," said MacLeod. "Through Ontario Creates, our government is creating opportunities for our culture sector partners to thrive and contribute to our double bottom line - the financial bottom line of the province, as well as the equally important bottom line of our cultural fabric and identity."

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