2010 is shaping up to be a fantastic year for the Animation and VFX industry here in Ontario. Although the CDN dollar is strong, there has been an increase in production and there is a strong indication that this will only continue over the year. VFX has rebounded and the Series Animation business continues to maintain slow and steady growth.
CASO has been extremely active in identifying project leads and in developing long term relationships with Government branches; the City of Toronto, the Ontario Media Development Corporation, Economic Development and Trade, Ministry of Culture as well as Foreign Affairs and International Trade Canada. Working together we have secured over $125,000.00 in research, marketing, and organizational development support for the 2009/2010 year. As part of the funding, CASO will lead two Trade Missions in February; one to Kidscreen Summit in NY and one to Los Angeles, CA, with additional missions with international exposure scheduled for March and April.
Most importantly, the pre-Christmas approval of two very important OMDC programs, will only strengthen our businesses and attract more production to Ontario. The OPSTC tax credit on 25% of non-Labour and the pilot IP Development Fund of a 30% repayable grant on development costs, clearly provides a distinct competitive advantage over other animation and VFX centres in Canada.
I encourage all members and non-members to participate in the various programs that CASO has worked hard to provide.