New York’s film tax credit program boasted another record breaking first quarter. There was a significant increase from 2018 in all of the key indicators including number of applications, hires, and estimated spend.
With the tax credit extended to 2024 by Governor Cuomo, we expect these numbers to continue to grow, bringing more jobs and economic growth to the State and local economies. Gina Argento, President and CEO of Broadway Stages, said “New York’s booming TV and film production industry creates well-paying jobs each year and the program’s extension ensures productions will continue to come to New York and generate revenue for smaller businesses that work with those productions. We are glad that the program has been renewed and look forward to hosting many more productions at our 50+ sound stages around New York City, and creating thousands of meaningful jobs.”
Click here to read about the record breaking first quarter.