Louisiana film and television Production benefits from economic problems elsewhere
Although it seems that bad news the economy that is endless, there is a ray of hope for the people of Louisiana film and production industry in this state is growing. Not only industry entertainment as a whole has seen an increase in the number of jobs, specifically Louisiana has seen a dramatic increase in the number of Films produced locally in recent years. This trend is largely due to a combination of state initiatives and the economic environment unfortunate of other possible locations.
Tax exemptions are no longer certain in New York
One of the things he did make movies and programs New York television accessible to the Production Companies were tax credits, both state and city officials. This allowed companies to the costs associated with the production of their work in a place so big and expensive. However, the credits to be taken for granted for so long now in question, both the state and municipal levels. The state government in Albany has to decide on the budget for next year, leaving the existence of the claims involved. Credits granted by the city authorities were part of a program that uses all of its funds last year and has not yet been renewed.
New Mexico declares bankruptcy Producer
In addition, in one of the states of Louisiana racing films, a major study recently declared bankrupt. In late July 2010, Albuquerque studies filed for Chapter 11 bankruptcy. The company listed debts from only $ 16 more than $ 100,000 and debtors include dozens of New Mexico companies and Hollywood companies such as DreamWorks SKG. So far, the study has been able to keep your calendar uninterrupted production. However, as the study seeks additional sources of financing, its precarious financial situation may lead to further productions choose a alternate location.
Steps in Louisiana as a Leader
Given the current situation in other places, Louisiana is in a great position to step in as a main place for the production of major Hollywood films, and has done so during the first half of 2010. To date, 24 films have been shot in New Orleans alone! With a terrain that can mimic different places, architecture that can work for a variety of periods and places, and trained crews available, Louisiana has the elements necessary to become a viable place for movies. Moreover, in contrast to the situation in New York, Louisiana offers some of the most competitive film industry tax credits in the country, and claims which continue to attract new productions in this growing industry for the state.
About the Author
To learn more about the growth of Louisiana’s Movie industry, or to find out more details about the Louisiana film tax incentive programs contact FBT Film and Entertainment. They are the local experts on film and entertainment Movie Production credits.
“Ten Minutes Ago” – Stuart Damon in Cinderella
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