North Carolina’s newly adopted budget that went into effect on July 1 includes $33.6 million in funding available to television and film productions through the state’s Film Incentive Grant. The best part is that starting on July 1, 2018, the grant will have $31 million in yearly recurring funding, a big step toward rebuilding North Carolina’s film industry. EUE/Screen Gems Studios Executive Vice President Bill Vassar, has commented, “This is really hopeful. As this has been developing with the legislators and word has gotten out that something was going to change,…
Read MoreTag: NC Film Office
Gov. Cooper’s Proposed Budget Includes Return of NC Film Incentives
North Carolina Governor Roy Cooper’s proposed budget for the upcoming fiscal year includes a return to the state’s film incentive program, anticipated to begin in January 2018! Star News reports that the governor’s proposed budget would return the state’s funding for film projects to an incentive-based format, as was the previously successful program that brought huge productions (Iron Man 3, The Hunger Games, Sleepy Hollow) to the state, until 2015 when the General Assembly cut the program’s budget to $10 million and converted it to a grant-based program. While the grant program’s…
Read MoreNC Film Office Mid-Year Report: $268 Million, 19,000 Jobs In 2014
The North Carolina Film Office released a mid-year financial report today, which estimates another banner year for the state’s film industry, with in-state spending by productions at over $268 million. plus the creation of more than 19,000 job opportunities, with filming taking place in 35 different counties Six months into 2014, the North Carolina Film Office reports an estimated production tally of $268 million in direct in-state spending and nearly 19,000 job opportunities for North Carolinians.
Read MoreNC Film Office Mid-Year Report: $268 Million, 19,000 Jobs In 2014
The North Carolina Film Office released a mid-year financial report today, which estimates another banner year for the state’s film industry, with in-state spending by productions at over $268 million. plus the creation of more than 19,000 job opportunities, with filming taking place in 35 different counties Six months into 2014, the North Carolina Film Office reports an estimated production tally of $268 million in direct in-state spending and nearly 19,000 job opportunities for North Carolinians.
Read MoreStudy Says NC Film Incentives Provide 4,000 Jobs, Positive Economic Growth
We were hesitant to publish this today for fear it may get lost amid the many fake April Fools Day stories, but this is no joke and it’s too serious to wait, as the much anticipated study by NC State University regarding the real impact of North Carolina’s film incentive program was released today, finding that allowing the incentives to expire at the end of this year could cost the state approximately 4,000 jobs. The study also finds that for every dollar of the film incentive credit that the state issues,…
Read MoreNC Secretary of Commerce Says Film Incentives Will Return!
North Carolina Secretary of Commerce Sharon Decker says that the state’s film incentives will be expanded, at least in some form, beyond the current sunset at the end of this year, with plans to have legislation ready for the upcoming short session of the General Assembly, in hopes that there will be no gap in the incentive program, according to the Charlotte Business Journal. Decker spoke at the North Carolina Governor’s Conference on Tourism in Charlotte this morning, where she said she is “encouraged and optimistic” about ongoing film industry discussions regarding the state’s…
Read MoreNC Film Office Director Aaron Syrett Talks Incentives [Interview]
The North Carolina film industry is in serious danger if the state’s film tax incentive program is allowed to expire at the end of this year as currently scheduled. As the debate heats up prior the next session of the North Carolina General Assembly in May, we caught up with Aaron Syrett, director of the North Carolina Film Office, last week to get to the heart of the issue, how we got here, and what the future holds. Read on for our full interview in Aaron Syrett!
Read More