Business for the Arts celebrated the success of the artsVest program in Collingwood Tuesday, March 20, 2018
artsVest, a program that provided six Collingwood non-profit arts organizations with in-depth training, tools and mentorship relationships to help build sustainable partnerships between arts and local businesses, held a wrap-up celebration Tuesday March 20th.
Participants had access to incentive grants which were earmarked for Collingwood, and in total, artsVest sponsorship and matching funds created an investment impact of $127,482.82 on the Collingwood economy.
It has been a very busy year for these arts organizations, with outstanding results:
6 arts organizations participated in 123 hours of capacity building and mentorship training from mentors from across Canada through group, one-on-one, and peer-to-peer mentoring sessions.
5 arts organizations created 29 partnerships with local businesses.
26 of these were first-time partnerships.
Arts organizations have indicated that 22 of these partnerships will continue long-term.
These 5 arts organizations exceeded their goal of $30,000 in sponsorship funds by tripling that amount from the business community for a total of $89,495.59!
They received artsVest matching funds of $37,987.23 (exceeded the amount originally put aside for the community).
Congratulations to our 2017/2018 participants and a big thanks to Business for the Arts, for offering the artsVest program and selecting Collingwood to participate.
Blue Mountain Foundation for the Arts
Collingwood Jazz and Blues Society
Magic of Children in the Arts
The Factory Culture
Quarter Century Theatre
The National Story
artsVest is Business for the Arts’ national flagship program, funded by federal and provincial and/or municipal governments, that works directly with small to mid-sized arts organizations, equipping them with in-depth training, tools and mentorship relationships.
The goal is to build sustainable partnerships between arts and businesses and to spark sponsorship opportunities.
As an added incentive, artsVest participants can apply for matching grants – for every one dollar raised in sponsorship, Business for the Arts will match it with another dollar – doubling their sponsorship opportunity.
In order to support participants as they work to secure sponsorship opportunities, artsVest provides access to Ongoing Training, Matching Fund Incentives and Program Support.
artsVest in Ontario
In Ontario, the 2015-16 program saw 45 arts and cultural organizations create 156 partnerships with local businesses.
A total of $155,554 in matching incentive grants is available to selected participants in Ontario who secure sponsorship from businesses throughout the 10-month program. Combined with those sponsorship dollars, this will translate to an investment impact of at least $311,000 into Ontario’s cultural economy over the period of one program year. The 2017 commmunities are:
– Kawartha Lakes
– North Bay
– Thunder Bay
Last year Ontario organizations for 2017 in Collingwood featured:
● Collingwood Jazz and Blues Society
● Magic of Children in the Arts
● Quarter Century Theatre
● Theatre Collingwood
● Blue Mountain Foundation for the Arts
● The Factory Culture
Since the creation of the program in Ontario in 2002 to 2016, 424 arts organizations have created 1,415 partnerships with businesses in 29 communities across the province. 958 of the partnerships were first time partnerships for the organizations. Matching funds of $2 million generated over $3.95 million in private sector sponsorship and resulted in an investment of over $5.95 million to the cultural economy.
For more information, www.artsvest.com.
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