For the public that is never explained what a 'film industry incentive' is; it is free money.
Coastal North Carolina has been a successful focus of the film industry in the past, but, the Governor can't seem to get the NC Legislature to understand it, so allow me.
You know those taxes the NC State Treasury will never collect because the film industry isn't there anymore? That is what film industry incentives are. They are tax deductions to production companies to come to a state and film their movies and/or television programs for free.
There is no money that changes hands between the state and the industry, it is a tax deduction. The higher the deduction the more likely it will be a movie production will occur in a state. Easy. No money comes out of the treasury and no money goes in.
Why then do it?
Because the bigger the production the more jobs it produces.
Isn't it The Game of Thrones that has one of the largest production casts in the business? Imagine now all those actors and actresses can't be included in the production because the production company has to pay state taxes. Does anyone believe the production would remain in a place where it could not conduct the one aspect of the show attracting so many people and that is the 'realism' of large casts of people?
What do we know about the general economy when many people are employed and paid a good wage? That's right, it does better. That means if the Game of Thrones came to coastal NC the entire economy in the area would perk up.
What do North Carolina Republicans want to do instead? They want to offer a far less than reasonable incentive to the movie industry and will only attract small productions with small cast sizes. The contribution that level of production will offer won't even be a speed bump in the NC economy, coastal or otherwise. The Republicans in their hatred of Hollywood causes a great deal of economic damage for their political hubris. They simply don't live in the real world.
McCrory is not a leader, he is a pleader. He pleads for the legislature to help the state and brings the insight of the people and where would the people be without the PLEADER of their cause.
Coastal North Carolina has been a successful focus of the film industry in the past, but, the Governor can't seem to get the NC Legislature to understand it, so allow me.
You know those taxes the NC State Treasury will never collect because the film industry isn't there anymore? That is what film industry incentives are. They are tax deductions to production companies to come to a state and film their movies and/or television programs for free.
There is no money that changes hands between the state and the industry, it is a tax deduction. The higher the deduction the more likely it will be a movie production will occur in a state. Easy. No money comes out of the treasury and no money goes in.
Why then do it?
Because the bigger the production the more jobs it produces.
Isn't it The Game of Thrones that has one of the largest production casts in the business? Imagine now all those actors and actresses can't be included in the production because the production company has to pay state taxes. Does anyone believe the production would remain in a place where it could not conduct the one aspect of the show attracting so many people and that is the 'realism' of large casts of people?
What do we know about the general economy when many people are employed and paid a good wage? That's right, it does better. That means if the Game of Thrones came to coastal NC the entire economy in the area would perk up.
What do North Carolina Republicans want to do instead? They want to offer a far less than reasonable incentive to the movie industry and will only attract small productions with small cast sizes. The contribution that level of production will offer won't even be a speed bump in the NC economy, coastal or otherwise. The Republicans in their hatred of Hollywood causes a great deal of economic damage for their political hubris. They simply don't live in the real world.
McCrory is not a leader, he is a pleader. He pleads for the legislature to help the state and brings the insight of the people and where would the people be without the PLEADER of their cause.
