Creative Capital Gains: An Action Plan for Toronto

May 4, 2011 Creative Capital Gains: An Action Plan for Toronto was presented to Toronto's Economic Development Committee on May 4 by Co-Chairs Robert Foster, Karen Kain, and Jim Prentice.

Many artists and arts organizations participated in the numerous consultation sessions contributing to the preparation of the report. The report is an update to Toronto's 2003 Culture Plan and is the work of both the Creative Capital Advisory Council Co-Chaired and City staff. TAC's Executive Director, Claire Hopkinson, was one of the Advisors working on the report. The recommended actions of this plan, should it be adopted and implemented by City Council, will be critical to the work of Toronto Arts Council.

The Chair of the Economic Development Committee put forward the following motion at the May 4 meeting: "That City Council endorse, in principle, the recommendations contained in Attachment 1 to the report (May 3, 2011) from the General Manager, Economic Development and Culture, on the "Creative Capital Gains: An Action Plan for Toronto" and direct the General Manager of Economic Development and Culture to report back to the Economic Development Committee in the fall of 2011 with an implementation plan, including financial impacts, within the context of the core service review."

The motion passed unanimously and the report will go to City Council for approval at its meeting on May 17 & 18, this month.

Click here to read the report