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 October 2008 - Nr. 10

The Toronto Film Board (TFB) is calling on all Federal Party Leaders to develop a comprehensive economic strategy for Canada’s screen-based industries. In an open letter, Co-Chairs Susan Murdoch and City Councillor/Budget Chief Shelley Carroll have asked all parties to address the growth of the national film, television and interactive media industries that together generated $4.97 billion in direct spending in the Canadian economy last year. More than 125,000 Canadians - 43,000 in Ontario - make their living from this green industry.

The TFB points out that: "The economy of the 21st century is based on creativity and the screen-based industries are at the heart of a creative economy." Further, the letter indicates that federal government policies and mechanisms such as tax credits and film funding, international marketing and pro-Canadian broadcast regulation will "attract substantial private investment, create new jobs and result in significant economic multipliers."

"I am tremendously proud of our screen-based and other creative industries in Toronto," said Mayor David Miller. "Investing in them is to invest in the economic future of our city and our country. The Toronto Film Board is a model of industry and municipal government working together to develop policies that bolster the climate for doing business instead of impeding it. I know leaders and candidates in the current federal election will want to join us in growing a diverse and creative economy for our city and our country."

The global market for screen-based industries is estimated at more than $300 billion. The combined annual growth rate is almost 6 per cent with video gaming leading the way at 11 per cent.

The TFB was created by Mayor David Miller in 2004 to advise the Toronto government as to policies and best practices that need to be protected and implemented in order for Toronto to remain a globally competitive leader in screen-based content creation. The TFB is Co-Chaired by both an industry leader and a City Councillor designated by the Mayor and comprised of industry leaders, entrepreneurs, and union and guild leaders.

Toronto is Canada’s largest city and sixth largest government, and home to a diverse population of about 2.6 million people. It is the economic engine of Canada and one of the greenest and most creative cities in North America. In the past three years, Toronto has won numerous awards for quality, innovation and efficiency in delivering public services. Toronto’s government is dedicated to prosperity, opportunity and liveability for all its residents.

 

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