HOLLYWOOD EAST TV: on investing in the future – Aug 09


Find more videos like this on Hollywood East TV

Entertainment is an industry of the future, and with the Massachusetts film tax credit already generating over $675 million in direct spending in the state during just the first 3 years of the program, the future is looking pretty bright in the Commonwealth. However, all the economic benefits of the credit will not be fully realized without long term growth of the industry and the job creation it will bring. Plymouth Rock Studios is a $500 million investment in that long term growth and the future of the entertainment business in Massachusetts. Today on The Series, we hear from Nick Paleologos, Executive Director of the Massachusetts Film Office, who gives a more detailed explanation of the tax incentive and discusses the economic impact it creates.

FOR A COMPLETE SUMMARY OF THE DEPARTMENT OF REVENUE’S LATEST REPORT ON THE ECONOMIC IMPACT OF THE FILM TAX CREDIT IN MASSACHUSETTS (JULY 2009), CLICK HERE.

When Hollywood Moved In
Film tax credit means business

MENU

Back

Share to