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By investing in cultural and heritage events that attracted over 2.7 million visitors between 2002 and 2005, OCAF has made a significant contribution to cultural organizations and cultural tourism in communities across Ontario.
The Fund also helps generate an economic return to Ontario and new tax revenues for governments. In fact, a number of OCAF clients were included in a 2003 research study of the Economic Impacts of 97 Festivals and Events in Ontario.
This study, conducted in partnership with the Ontario Trillium Foundation and the Ontario Arts Council, showed that "the 97 festivals and events funded by OTF, OAC and OCAF contribute nearly $80 million to the province's Gross Domestic Product (GDP).
The 97 festivals and events also generate over $30 million in taxes for all levels of government and help create 2,600 jobs and over $50 million in wages and salaries." The $30 million tax impact includes $12 million in provincial taxes.
These economic impacts are generated by small, medium and large organizations alike. A second report (Economic Impact Analysis by Size of Festival) showed that:
• 39 small festivals and events (expenditures up to $75,000) contributed about $13 million to the province's Gross Domestic Product (GDP) and generated $5.2 million in taxes for all levels of government. They also helped support 420 jobs and $8.5 million in wages and salaries.
• 37 medium festivals and events (expenditures between $75,000 and $300,000) contributed almost $28 million to the province's Gross Domestic Product (GDP) and generated about $11 million in taxes for all levels of government. They also helped support 900 jobs and over $18 million in wages and salaries.
• 21 large festivals and events (expenditures over $300,000) contributed over $38 million to the province's Gross Domestic Product (GDP) and generated $15 million in taxes for all levels of government. They also helped support 1,250 jobs and $25.5 million in wages and salaries.
PDF versions of the reports are available here:
 Economic Impacts of 97 Festivals and Events in Ontario
Economic Impact Analysis by Size of Festival
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