As of 2024, the global creative economy has an estimated value of USD $985 billion, projected growth of 40% in 2030. Despite the culture sector being an economic powerhouse, contributing over CAD $26 billion to the province’s GDP in 2022, and over 270,000 jobs in industries like film, music, galleries, and digital media, the sector remains underprioritized in economic development discussions.
Today, the Ontario Chamber of Commerce released a policy brief titled Ontario’s Arts, Culture, and Creative Industries: Strengthening Competitiveness and Communities. In collaboration with OCAD University, Ontario Arts Council, Toronto Arts Council, the City of Toronto, and Ontario Creates, the brief delves into the sector’s socio-economic impacts and challenges and offers recommendations to leverage creativity to enhance Ontario’s global competitiveness while strengthening its communities. Read the release.
The work of our businesses and artists—sharing their cultures, stories, and perspectives—not only enriches our lives but also celebrates the unique character and history of our community. We are proud to share this policy brief supporting the arts, culture, and creative industries. Empowering these storytellers will strengthen our cultural and economic vibrancy for future generations.
The culture sector is a cornerstone of our tourism economy, bringing visitors from around the world to experience what is unique about regions across the province. By supporting this sector, we not only elevate local talent but also ensure our community remains a vibrant, welcoming home for residents and a cherished destination for travellers.
I hope you will join us in amplifying this policy brief.
