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Film incentive cap already hurting industry
Posted: 05.11.2011 at 7:04 PM
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Film incentive cap already hurting industry
TRAVERSE CITY -- Michigan film makers and movie producers are speaking out about Governor Rick Snyder's plan to limit incentives.
This week in Lansing, the governor is trying to persuade state senators to pass his budget plan. Part of that budget calls for a $25 million dollar cap on the film incentive program, a cap some local film industry insiders say will shutdown a growing economic engine.
Bill Latka, executive producer of Rivet Entertainment in Traverse City says business has been booming with tax incentives in place, but now that they're on the chopping block that trend is starting to reverse.
Latka says, "I had three projects i was working on 2 are gone and one is seriously considering doing their project somewhere else."
Last year alone film incentives cost the state $115 million, and Governor Snyder says that is too much money. Those in the film industry say he's not getting the whole picture.
Moonlit Pictures President Douglas Maddox says, "When we come up here we bring a lot of people from other states we're spending money, we're renting vans, going to restaurants, building a good economic surplus."
Film Maker Rich Brauer says, "With the incentive I was able to double my output. I would hire twice as many people, twice as often and really create an industry."
As quickly as unlimited tax breaks come to a wrap, film makers say those in the industry will also move on.
Brauer says, "Everything behind me has wheels on it. It can go anywhere so if there are other states more luring to producers they're gonna go."