The Ontario government made a huge splash in the music world today, announcing that it will be spending $45 million in new music grants over the next three years. The announcement was made by Charles Sousa (Finance Minister), Michael Chan (Tourism & Culture Minister) and Graham Henderson (President of Music Canada) off the stage at Lee’s Palace.

The provincial grant program will start this year, with the goal of supporting digital and record production and distribution of Canadian music. The government says the program will help create jobs, promote Ontario musicians around the world, and help positions the province as a leading place to record and perform music.

The announcement comes after a Music Canada report that suggested more funding in music education and innovation would spur the music sector and grow the national economy.

According to Statistics Canada, “Ontario’s music sector generated $429.3 million in revenues in 2011, accounting for 81.9 per cent of total national revenues.”

That’s a significant economic number and we congratulate and thank Music Canada and the Ontario government for their commitment to the music industry. If we get the chance to meet you, the Mojitos are on us!

For more information about the music grants check out the official release.

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