News & Public Notices
City of Kingston and Business for the Arts celebrates economic impact of more than $175,000 from Kingston's 2014-15 artsVest program
May 28, 2015 -
At a wrap-up celebration at the Tett Centre on May 27, Business for the Arts announced that the artsVest program has exceeded its fundraising partnership goal, providing a more than $176,000 boost to the Kingston arts community.
"The success of artsVest is proof that Kingston's arts scene is thriving – and that our artists and residents are benefitting from the economic impact and vibrant cultural experiences being generated by Kingston creators," says Mayor Bryan Paterson.
- 18 arts organizations secured sponsorship and matching funds
- 70 partnerships were created
- 66 were first-time partnerships
- Arts organizations report that 58 of 70 partnerships will be long-term
- $74,390 in matching funds were distributed
- $101,959 in sponsorship funds were raised by 18 arts organizations
- Total economic impact of artsVest in Kingston from 2014-15: $176,349
artsVest is a sponsorship training and matching incentive program that assists small- and medium- sized arts and culture organizations in securing sponsorships from businesses in their communities. The City of Kingston applied to Business for the Arts to have Kingston as a site for the artsVest program and was fortunate enough to be accepted. The program launched on June 17, 2014 and 22 Kingston organizations were accepted into the program.
Since the Kingston arts organizations were accepted into the artsVest program, they were able to access a comprehensive array of professional development opportunities to help them learn, grow and become sustainable. These included group and one-on-one mentorship sessions and a live peer-to-peer mentoring workshop.
"We are delighted to see Kingston barrel past their $170,000 impact goal, having raised critical private sector investment into the cultural landscape of the community," said Claire Hefferon, artsVest national program director at Business for the Arts.
"We congratulate these 18 arts organizations and all of the businesses who participated for building strong and sustainable community partnerships over the past year and look forward to hearing of continued success."
With the expansion of artsVest across Canada in 2011, a total of 1,911 partnerships have been created between arts and business, of which 1,181 have continued long-term. These numbers are a continuation of the program's success in Ontario, where 2,334 businesses have partnered with 678 cultural organizations– of which 1,509 businesses were first-time sponsors of the arts – since 2002.
artsVest is delivered by Business for the Arts in communities across Ontario with funding from Canadian Heritage, the Ontario Trillium Foundation and Ontario Ministry of Tourism, Culture and Sport.
Marketing Manager, Cultural Services
City of Kingston
613-546-4291 ext. 1143