Thursday, September 11, 2008

Betting on film

By Jake LaDuke | Business Review Western Michigan | Thursday September 11, 2008

Five months into Michigan's adoption of what Gov. Jennifer Granholm calls the most-aggressive film-incentive program in the country, industry leaders are questioning what many say is a booming success.

Looking to follow the example of states such as Louisiana, Connecticut and New Mexico, Michigan's incentives aim to bring in new dollars and jobs to aid a struggling economy.

The incentives include up to a 42 percent refundable or transferable tax credit for qualified films produced in the state, a 25 percent tax credit for film media infrastructure and a 50 percent worker-training tax credit for production companies providing on-the-job training for Michigan residents.

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