Strategic Initiatives Component
While less funding is available on an annual basis for the Strategic Initiatives component, this component contributes to organizational health and operations by providing financial assistance for projects involving multiple partners that help arts and heritage organizations improve their business practices and diversify their revenues.
As noted by Canadian Heritage, “by supporting collaborative projects, Strategic Initiatives encourages knowledge and resource sharing and the strategic use of technologies that will strengthen the business operations of arts and heritage organizations, helping them make stronger contributions to Canadian society and the economy.”(32)
32. Canadian Heritage, Government of Canada, Strategic Initiatives – Canada Cultural Investment Fund