Friday, April 04, 2014

More Hollywood, Not Less

North Carolina's tax credits for film and television production are set to expire at the end of this year, and some Republicans in the General Assembly will take their marching orders from the John Locke Foundation, which hates Hollywood and hates Hollywood's money flowing into the state. In fact, the sock puppets working for the John Locke Foundation claim that the state's "film incentives" produce a "negative budgetary impact."

Buffalo dust!

A new, non-Pope funded study of the film industry in North Carolina by Robert Handfield of the North Carolina State University’s Poole College of Management found this: 
Beginning in 2007, when the incentive was first enacted, through 2012, the film and television industry has spent $1.02 billion in the state and generated a projected $170,000,000 in tax revenue. The cost of the credit over the same time period was $112,000,000. The result means that, for every dollar of credit issued, the industry generated $9.11 in direct spending and contributed $1.52 in tax revenue to North Carolina. (Hattip: WRAL)
The City of Charlotte has never looked better than it does in "Homeland." The Charlotte Chamber of Commerce ought to be giving a subsidy to that show.

1 comment:

Anonymous said...

So which is it? Are we now FOR "corporate welfare"?

Is it only when Republicans oppose it that we favor it? Or do we now favor it all the time?

It's so complicated.