The following are changes made to FACTOR's Business Development Support Programs;
Label Manager Program
• Funding available will increase from its current level of $15,000.00 to $20,000.00.
• The following costs will now be eligible for funding; corporate marketing activities, company receptions at tradeshows, music industry sponsorships, multiple artist videos/CD samplers and stuffers for conference delegate bags and t-shirts, stickers and other promo items for delegate bags.
• Co-advertising will be recognized as an eligible expense provided it is not charged back to the artist.
• FACTOR will no longer recognize the 15% administration fee.
Domestic & International Business Development
• Funding available will increase from its current level of $15,000.00 to $20,000.00.
• FACTOR will no longer recognize the 15% administration fee.
Collective Initiatives
• A maximum of 15% of FACTOR's contribution can be claimed as an administration fee.
• The following funding caps will be placed on initiatives;
Provincial initiatives - $25,000.00
Regional initiatives - $100,000.00
National initiatives - $200,000.00
International initiatives - $250,000