New York State has seen a dramatic rise in recent years in film and television production and jobs, says a report released today by the MPAA. Employment in the industry in the state grew by 25% between 2008 and 2011, according to the study (read it here) conducted by HR&A Advisors for the MPAA. The approximately 46,100 jobs and 135 productions in New York in 2011 are a direct result of the state’s tax credit, says MPAA chairman and CEO Chris Dodd — a clear comparison to the sagging situation in Los Angeles County and California. “These findings further confirm that the New York State production incentives have grown into a major economic driver in the state’s economy,” said Dodd. That’s translating into this year, too: As of mid-November 2012, film and TV spending in New York State is at $1.9 billion, more than previous high of $1.83 billion from 2008 and with six weeks left in the year. TV series Law & Order SVU, Blue Bloods and Elementary are among those that film in New York. Disney’s The Avengers partially shot there last year and Martin Scorsese’s The Wolf Of Wall Street is among the features shooting there right now.
Introduced in 2004, the New York State Film Production Tax Credit now covers 30% of qualified below-the-line expenditures for productions that shoot in the Empire State. In 2004 there were 18 productions in the state. Last year there were 135 productions with feature film production seeing the largest growth. In California, Gov. Jerry Brown signed legislation on September 30 extending the Golden State’s $100 million-a-year film and television tax credit. Introduced in 2009, the lottery-based system has funding to run until 2017. California is still the number one place overall in the United States for production. In 2011, 284 movies and 276 TV series were fully or partially shot here.
The MPAA’s report claims that the NY Tax Credit supported 12,600 jobs directly associated with productions and 16,300 supported in related businesses. The Credit is said to have generated $6.9 billion in economic spending and $4.2 billion in personal income to the New York State economy last year. The state collected $2.23 in tax revenue for every dollar spent in credit, the report says. New York state and New York City collected an estimated $748 million in taxes from the film and TV industry in 2011.