Item - 2024.FB4.6

The General Manager, Economic Development and Culture recommends that:  

1. City Council receive this report for information.

On May 8 and 9, 2024, Mayor Olivia Chow led a delegation of 32 Toronto screen industry organizations to Los Angeles to nurture existing relationships and foster new ones with Los Angeles' leading film, television, and digital media companies in order to secure more investment in Toronto.

This report provides an overview of the Mayor's Los Angeles Mission including key activities, objectives, and outcomes of the mission.

The City of Toronto's 2024 Los Angeles trade mission had a total cost of $139,591.35. After receiving $128,000.00 in sponsorship contributions, the net cost to the City of Toronto Film Office was $11,591.35 with an additional $6,283.52 required for sponsorship funding to be allocated for future industry events. The total cost of $17,874.87 was included in the Economic Development and Culture's 2024 Operating Budget. The work done during the trade mission will result in future investments in the City of Toronto by companies met in Los Angeles and this will provide future benefits to the City.

The detailed mission financials are attached as Attachment 3.

The Chief Financial Officer and Treasurer has reviewed this report and agrees with the information as presented in the Financial Impact Section.