Thursday, April 2, 2009

Films offer flicker of hope for state

April 2, 2009 |

Not many can argue that this state is in need of more jobs, revenue and respect. The film incentives rolled out in 2008 encourage Hollywood filmmakers to “Say yes to Michigan” and assist in securing all three. With one of the most competitive tax incentives at 42 percent, our state and local economy has already begun to reap the benefits of film production. According to the Michigan Film Office, 71 projects have been approved, with 37 films already complete.

Legislation introduced early this week could change that. The need to retain this incentive and not cap the credit is very apparent. Since the inception of the incentive in 2008, a flurry of activity has brought $125 million to our state. It has also provided the opportunity for:

n Creating jobs and retaining talent. Several universities are realigning their curriculums to prepare and train students for emerging jobs. Wayne State University has added new production broadcasting and animation courses and Madonna University built a $20 million science and media building that is planned to open this fall.

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