Introduced by Councillor Michael Thompson (Chair of the Economic Development Committee) and spoken to by many Councillors representing a broad cross-section of the city, the the Creative Capital Gains report was unanimously endorsed by City Council May 18, 2011. A detailed implementation plan developed from this report will be presented to the Economic Development Committee later this year.
The report identifies areas for new and renewed investment and support by the City of Toronto, along with 33 action recommendations that will assist in achieving the goals.
The focus areas include:
Of particular importance, the report sets a target of $25 per capita funding for arts and culture. Toronto's current funding level is $17 per capita, well behind our international competitors: (Chicago $26, Montreal $32, New York $74 and San Francisco $87). The report concludes that culture is the fundamental driver of Toronto’s future prosperity.
The initiative was created by Councillor Thompson and guided by the volunteer efforts of cultural and business leaders, including Co-Chairs Robert Foster, Karen Kain and Jim Prentice, as well as arts leaders Jeff Melanson, Che Kothari and Claire Hopkinson. Special thanks are due to the hundreds of artists and arts administrators who participated in 13 public consultations.
To access an online copy of the complete report, visit http://www.livewithculture.ca/wp-content/uploads/2011/05/CCI-Final.pdf.
For more information please don’t hesitate to contact Susan Wright, susan@torontoartscouncil.org.