Stingray Radio Provides Over $20 Million in Radio Advertising Grants to Over 5,000 Local Canadian Businesses

Stingray, a leading music, media, and technology company, is proud to announce that the establishment of the economic stimulus plan via its 104 radio stations helped 5,000 local businesses to obtain grants in the form of radio advertising during this unprecedented crisis. A total of $20 million is awarded in markets across Canada, where Stingray operates local radio stations. This amount represents $5 million more than initially planned.

Marketing Technology News: Commvault Named 2020 HPE Momentum Storage Partner of the Year

Stimulus grants range from a minimum of $1,000 up to a maximum of $100,000 in radio advertising per business. The recipient business has twelve months to utilize the radio advertising towards booking and airing a radio advertising campaign and is not required to invest additional sums with Stingray radio stations to receive the grant. As provinces throughout Canada undergo various deconfinement phases, now is a crucial time to win back customers who are eager to access services and make long-awaited purchases.

Marketing Technology News: Zoom Hires Jason Lee as Chief Information Security Officer

“Radio advertising has long been a successful stimulus for local economic activity in our country,” said Ian Lurie, President, Stingray Radio. “We are delighted to award $20 million in advertising grants to help local businesses relaunch their business. The Stingray Stimulus Program is our way of helping to kick-start Canada’s economic engine for local business. This is a great opportunity for companies to inform and reassure their customers during these uncertain times.”

Marketing Technology News: Victory Square Portfolio Company FansUnite Announces Merger with Askott Entertainment