The nonprofit arts business alone generates $a hundred thirty five billion in economic activity annually (spending by organizations and their audiences), which supports four.1 million jobs and generates $22.three billion in authorities revenue. Although it has not announced plans to revise the tremendous tax deduction program, the federal government is planning to problem larger tax breaks than traditional to cowl 11 business sectors, together with the artistic economic system, to assist firms climate the economic impacts of the COVID-19 pandemic. Meanwhile, the Digital Presentation Grant for the Arts has supported greater than 300 projects and provided round 4,500 work opportunities, of which about 1,one hundred have been for freelancers.
The Department of Culture, Heritage and the Gaeltacht recognises that COVID-19, and the public health measures necessary to gradual the unfold of the virus, have had an unprecedented impact on the cultural sector. The response of the Government has been to … Read More