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Friday, June 11, 2010

Everest SPC2016

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Debate over film incentives, links and another blogs summary

The Film and TV industry in Oregon is bringing money into the economy! Film and TV dollars aren't just going to rent equipment and cater the craft services tables on the set of Leverage... they're going into the pockets of people who spend those dollars at the corner store, keeping local merchants in business. there's been a lot of negative buzz lately about the "worth" of film incentive programs throughout the country... as this recent article inParade Magazine points out, several states are suspending or reducingtheir incentive funds in the quest to balance their own budgets. Looking at the numbers above, it's patently obvious that Oregon would be mistaken to follow this trend. When Ms. Haley at the GOFTV gave me last year's revenue figures, she also gave me another figure - the amount the statespent as an incentive to bring outside projects in to shoot (the Oregon Production Incentive Fund gives producers a rebate - up to 20% - on what they spend here in Oregon when they shoot... unlike many other film incentive programs, though, producers have to spend their dollars in the state before they see any return). That figure? $7.8 millionSo, lets do a little math here... the Oregon film and television industry spent $7.8 million to bring production into Oregon... and that production brought at least $62 million into the state (or, if you factor in "indirect spending" - the hotel rooms and restaurants cast and crew eat at, the rental cars, the cell phones... etc, perhaps as much as $124 million.) And at least one of those dollars ended up at my corner store. We can only wonder how many more have filtered into the rest of the Oregon economy at-large. So the question to the candidates for Oregon's governor is clear - what are you going to do continue this industry's growth, and continue bringing the jobs and revenue our state so desperately needs?


We're still waiting for their answer...




Above is an excerpt from the link below:
http://trishandharold.blogspot.com/2010/06/what-can-oregon-film-industry-expect.html


Here is the U Rhode Island report, summarized:
http://www.newenglandfilm.com/magazine/05/01/ritaxcredit

here is the full report:
http://www.rifcfilms.com/media/FilmTaxCreditStudy.pdf

Here is the U Mass report, summarized:
http://www.mafilm.org/2010/02/11/mpc-lauds-umass-report-on-film-industry/

here is the full report:
http://www.management.umb.edu/faculty/workingpaper/foster_pacey/UMBCMWP1046.pdf