PROVINCIAL UPDATE: Ontario Investing in Toronto’s Tourism Sector

Published July 7, 2021

TORONTO — The Ontario government is investing $16.3 million in Destination Toronto and the Metro Toronto Convention Centre (MTCC) to support tourism sector recovery in one of Ontario’s key gateway cities.

  • Destination Toronto will receive $9 million to help with workforce development, drive demand to the region, and to create new niche tourism products and activities – leading to a stronger industry and increased visitation that will benefit regions across the province. This funding will be used to help alleviate losses, aid in recovery and ensure Toronto’s tourism businesses are ready to attract more international visitors to Ontario. Many out-of-province visitors to Ontario’s other regions begin or end their time in Ontario in gateway cities such as Toronto and Ottawa.
  • The MTCC will receive up to $7.3 million in stabilization funding to support its continued operation and maintenance. The funding will be used to cover core operating costs, such as rent, utilities, insurance and health and safety costs, enabling the MTCC to sustain operations, prevent insolvency and prepare for re-opening.

To read the full news release, click here.