MPAA Study Gauges Economic Impact of NY Tax Credits
Finds production and ancillary spending is up 155% since credit was adopted
By John Eggerton -- Broadcasting & Cable, 12/4/2012 8:58:00 AM
The tax credit has been in effect since November 2004, and the MPAA study found that since then, spending in the state by producers has grown from $600 million in 2004 to $1.5 billion in 2001, up 155%.
Coincidentally according to NBCU, on the same day MPAA released the study, MAPP member NBCU posted a YouTube video of interviews about the impact of production tax credits to the city of Philadelphia.
"Nobody will come if we don't have the tax credits," said Sharon Pinkenson, executive director of the Greater Philadelphia Film Office, whose job it is to attract production to the city and the economic benefit that follows it.
No related content found.
No Top Articles
Digital Rapids provides market-leading software and hardware solutions, technology and expertise for transforming live and on-demand video to reach wider audiences on the latest viewing platforms more efficiently, more effectively and more profitably. Empowering applications from..more