AppendixH_GDEcDFilmTaxCreditReport.pdf - Georgia Film Industry\u2014 Overview Current Climate August 2017 In 1973 Georgia created one of the first offices

AppendixH_GDEcDFilmTaxCreditReport.pdf - Georgia Film...

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Georgia Film Industry Overview & Current Climate August 2017 In 1973, Georgia created one of the first offices in the U.S. to attract the economic impact that comes with a motion picture project. Over the past few years, Georgia has become within the top three busiest film and television production center in the United States. How did the state’s film and television industry grow so quickly? First and foremost, by having a proactive legislature and Governor who supported the Georgia Entertainment Industry Investment Act, a tax credit incentive for qualified Georgia-lensed projects. However, a number of factors have contributed to Georgia’s success— diverse locations, the ease of access of Atlanta Hartsfield- Jackson International Airport, a deep crew base, well developed infrastructure, and a temperate climate. A snapshot of two years, 1997 and 2012, illustrates the diminishing role California plays in the production of feature films. Incentives have helped drive the film industries to other states- especially Georgia . 1997 2012 From the article, So long, Hollywood; hello, Georgia LA TIMES . The film and television industry site selection process, prior to 2000, was driven primarily by infrastructure and location factors. By 2004, domestic tax incentives were in place in several states, and Georgia’s film business and support service companies declined rapidly. In this world of aggressive incentive development, high-speed connectivity, fluctuating exchange rates and low- cost offshore labor, the major studios and production companies have a range of site choices like no other time in history. Today, to develop or maintain an entertainment industry, a market must offer incentives; it is the accounting departments of the major studios that dictate which states can be considered for film and television projects. The tax incentive savings are typically rolled back into the budget, raising the spend in Georgia. The influx of cash into the economy is immediate there is no delay for roads or factories to be built and it is also widespread. Georgia’s real estate market has been buoyed by all of the incoming shows that rent warehouses, offices, homes, and apartments, not only as shooting locations, but as housing for crew and production personnel. Certainly film equipment suppliers have been positively impacted, but the film business also supports hotels, restaurants, rental car facilities, dry cleaners, lumber suppliers, antique stores,