Export Market Development Grant (EMDG)
In 2005-06, 61 existing and potential music industry exporters received a total of $1.4 million in Export Market Development Grants, and generated $5.6 million in exports. Recent music industry recipients of Export Market Development Grants include Australian band John Butler Trio, music manufacturer and distributor Stomp and the Australian Youth Orchestra. The Australian Government's Export Market Development Grants (EMDG) scheme assists businesses enter into export and become sustainable exporters by reimbursing up to 50 per cent of their eligible export promotional expenses above a $15,000 threshold. The scheme supports a wide range of industry sectors and products, including inbound tourism and the export of intellectual property and know-how. The Australian Government offers grants up to $150,000 to Australian companies looking to export their product.
Typical covered expenses include:
- Travel costs and daily allowances for promotional visits, including trade show attendance.
- Production of marketing materials including promotional CDs.
- Certain costs associated with overseas in-store promotions, performances, or promotional loss-making tours.
- Advertisements, promotional literature, and some website expenses.
Read more about this topic: Australian Music Office
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