States Weigh the Efficacy of Film and TV Incentives

States Weigh the Efficacy of Film and TV Incentives

November 23 – Back Stage
By Daniel Holloway
 
When Gov. Rick Snyder of Michigan slashed the budget last spring for his state's generous film and television production tax incentive program, he drew heavy fire. Michigan's program had been praised by both Hollywood and Detroit as a boon, helping to create a relatively small growth sector in the state at a time when most industries had been doing the opposite of growing. A study by Ernst & Young—and commissioned by several Michigan tourism agencies—found that in 2010, the state spent $117.2 million on tax incentives and generated $503 million in economic activity as a result.
 
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