« Shrek the Third Advance Ticket Sales Exceeding Shrek 2 | Main | Starbucks Debuting New Paul McCartney Album "Memory Almost Full" at its Stores Worldwide »

May17
Massachusetts Latest State to Increase Incentives to Draw Filmmakers

With their state neighbors Rhode Island and Contecticut, along with all but about 10 states, offering film incentive packages to Hollywood producers, the Massachusetts Governor and lawmakers are looking at increasing their incentives to attempt to draw the industry to within its borders.

Governor Deval Patrick said, "Massachusetts has an awful lot going for it. Wonderful locations, a gifted and experienced crew base and a long tradition of great movies. But the creative economy is extremely mobile. We can't stand still in the face of stiff challenges from other states."

The state did institute a law in 2005 that offered tax credits to the industry, but the credit didn't activate until the first $250,000 was spent. That was a hindrance to the independent film industry.

One thing then new bill will do is start the credit after the first $50,000 is spent to attract the independent film industry, and will also redefine what a movie is considered so it will expand to include digital media.

The%20Departed%20shot%20in%20Massachusetts.jpg

Even with the original legislation the tax credits have paid off as in the seven years prior to the law there were only four films shot in the state, with investment reaching only $27 million. Since that time, says Film Office Executive Director Nicholas Paleologos, "the state saw three films shot here, pumping $80 million into the local economy."

Some of the movies that have shot in Massachusetts are last year's best picture winner "The Departed," "Good Will Hunting," "21," "Game Plan" and "A Civil Action."


1 Comments/Trackbacks




» Al Pacino, Robert De Niro Together in Thriller "Righteous Kill" from BizofShowBiz
Robert De Niro and Al Pacino have been waiting a long time to work on a film together where they would share significant time onscreen together. They now have the deal in place to do it as the two will... [Read More]

submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.





Comment Preview

« Shrek the Third Advance Ticket Sales Exceeding Shrek 2 | Main | Starbucks Debuting New Paul McCartney Album "Memory Almost Full" at its Stores Worldwide »

Advertise

Related Resources


American Gangster - Web's top movie destinations, Fandango, the nation's largest movie ticketing service

recent comments

    sponsored ads



    subscribe


    Prefer Email?
    Subscribe below-

    Enter your Email:


    Powered by FeedBlitz What's this?

    Current News

    Support This Blog

    blogroll


    My site was nominated for Best Entertainment Blog!

    business social media

    Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

    BIZZlogos - Add your logo - free link to your site
    BIZZphotos - Add photos of your products and people
    BIZZprofiles - Submit your profile and build your online visibility
    BIZZspotlight - Spotlight your business with free links
    BIZZvideos - Videos about businesses, products and business people.
    BIZZbites - "Digg" for Business - Submit your articles and posts

    Know More Media - Media / Entertainment

    know more media network

    View Network Map

    Network Feed List (OPML)

    Know More Media Network
    Feed


    we support unitus

    PRWeb

    Influencer



    BizofShowBiz is a member of the Know More Media network of business related blogs.

    Here are some current headlines from some of our business publications:

    ProductivityGoal

    CallCenterScript

    AdHurl

    TheBizofKnowledge

    LandingTheDeal

    CustomersAreAlways

    HealthCareVox

    BrainBasedBusiness

    TheInsurancePolicy

    MarketingBlurb