No one involved in the entertainment industry doubts the value that industry can bring to community. A study compiled in 2010 that, among other findings, indicated that Colorado’s entertainment industry is responsible for nearly 9,000 jobs and more than $20 billion in revenue. (One Source data, 1/2011). Another study found that for every dollar invested by the state in entertainment, $20 were returned into the state’s economy. No other industry even comes close to that return. All that said, many people not involved in the entertainment industry feel that state monies directed at is nothing more than subsidizing movies and in short a waste. Of course, once you let them know the amount of revenue generated and the number of jobs created they are generally blown away. This lack of knowledge is pervasive and may possibly be the single biggest hurdle in getting more state support. So what can be done to help? (more…)
Archive for the ‘Incentives’ Category
How do you help government build a film industry?
Thursday, April 14th, 2011Another state proves it’s ability to do math.
Friday, August 6th, 2010Wow, did you know that you could stimulate your state’s economy by giving an industry a reason for selecting your state? Florida knows. http://www.filminflorida.com/ifi/incentives.asp (Check the effective date) It’s an amazing benefit to the entire community as it creates jobs and increases spending. Some may call it an incentive. Florida suffered a $113 Billion shortfall in 2009. I find it impressive that, from a very conservative state, they found a way to slash the budget and encourage growth. Nice work. (more…)
Tell me again why production credits don’t work?
Tuesday, June 29th, 2010http://filmclosings.com/2010/06/czech-republic-now-has-20-film-incentive/
The entire country is giving a 20% production incentive for films that spend at least $720k in country. This is in direct response to the increasing costs of filming in a country that has continuously improved its level of services and talent. Why wouldn’t every government want to provide tangible incentives to capture some of the billions spent in film production?
