Governor Cooper's Budget Includes An Increase in Film Incentives
Governor Cooper's recent budget proposal includes and increase to the current film incentive program that North Carolina offers.
Over the last two years, major film business has been on the decline with much of the film business (Feature films, TV series, TV movies, commercial productions) going to Georgia to film. Georgia is number three in the state for film production which is a multi-billion dollar business for them.
Two years ago, the successful film incentive program which kept our state competitive for this business, was replaced with a smaller, more restrictive film grant. This reduction in film incentives hurt the Piedmont Triad region significantly. Not one of the few projects that qualified for the film grant over the last two years shot in this region of NC.
We are hopeful that Governor Cooper's increased budget for film will help us build back this lucrative industry throughout the entire state.
The film industry is an important piece of building economic development in the state and region. Major film productions infuse millions of dollars in the community where they film within a short amount of time. They patronize a myriad of businesses, everything from dry cleaners, rental cars, to purchasing lumber from local mills, and renting office space. Most importantly, this industry provides well paying and much needed jobs for NC citizens, many of whom have graduated from state supported universities where they were trained for jobs in the film industry. We are glad that Governor Cooper understands and appreciates these facts and are hopeful for more and bigger productions, and jobs, for the Piedmont Triad region of NC.