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Feds to Phase Out CPISC Funding

October 31, 2011
By

The Canadian Printing Industries Sector Council (CPISC) released a statement from its Co-chairs, Duncan Brown and Jeff Ekstein, that Canada’s Federal government is to begin phasing out core funding and some elements of project funding to sector councils. This phasing-out period, under the government’s Human Resources and Skills Development Canada arm, leads up to a March 31, 2013, deadline.

According to CPISC’s 2010/2011 annual report, the council received $1.8 million in government contributions in its most recent fiscal year, which included $720,842 spent on CPISC salaries; $633,935 spent on professional fees; $257,828 spent on general project costs; $200,189 spent on travel expenses; and a $28,233 deficit. In its 2009/2010 financial year, CPISC received $1.5 million in government contributions.
 
According to the statement, CPISC was not expecting the government fund-cutting announcement, but is prepared based on its new three-year strategic plan formed in 2010. This plan was to transition from a research-based organization into one that also offers products, services and resources to the printing industry, while also generating revenue for CPISC.

CPISC’s Board of Directors is focusing on ways to sustain the council’s longevity beyond 2013, which is to include building on existing and new partnerships, as well as developing more products and services.

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