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As part of that push, the coalition is calling on state lawmakers to preserve the production tax incentive for the immense economic benefits the program has provided for small businesses, their employees, and the communities they serve over the last several years.
According to Empire State Development, since 2011, there have been 1,741 applications that have been accepted to the production tax incentive program, generating an estimated $20.2+ billion in spending and 1,217,445 hires.
In terms of employment, these credits have also provided over 90,000 direct jobs and over $10 billion in wages.
“Without the production incentive program, my business would not be enjoying the same type of success we have seen over the last few years,” said Gianna Cerbone Teoli of Manducatis Rustica. “I’m optimistic our state lawmakers will recognize the value of the program.”
Earlier this year, New York Gubernatorial hopeful Cynthia Nixon made inaccurate claims about the television and film tax incentive program, a program that allowed her to work in her hometown on the Sex and the City movies.
The incentive program supports millions of local, good-paying jobs. And as a direct result of the credit, the television and film industry provides economic benefits across nearly every industry and community throughout the state. The industry is an economic boon for the state, employing 90,252 in direct jobs and another 53,316 in production related jobs, according to MPAA payroll service research data.
To learn more, visit https://newyorkersfortvfilmjobs.com.