Hollywood
California Governor Adds $30 Million To 'California Roars Back' Plan To Boost Film Industry
Los Angeles, May 15, 2021: After dealing with the devastating covid-19 pandemic, the world entertainment industries have started to open up slowly. To make the film industry's recovery fast, many states and governments are announcing financial plans to lure more productions. ## California Governor Gavin Newsom on Friday announced a new measure to attract productions to the Golden State by adding $30 million from California's $75 billion budget surplus, to its film and television tax incentive program.## Newsom, who is facing a recall, announced the move as part of his $100 billion βCalifornia Roars Backβ plan, which he laid out during a press conference Friday afternoon from Sacramento. This move would boost the existing 330 million dollars tax credit program by nearly 10 percent, allowing the state to dole out a total of 360 million dollars annually to qualify film and television projects. ## "This is an opportunity for those productions, TV, and others, in places like Georgia, whose values don't necessarily always align with the production crews, to consider coming back to the state of California", said the governor to The Hollywood Reporter, taking a swipe at the Peach State and its controversial voter law. "And that's what that $30 million intends to do". ## This new plan was applauded by the entertainment industry immediately. According to Los Angeles City's Economic and Workforce Department, the industry brought more than 30 billion dollars annually to California and supported more than 200,000 local jobs before the COVID-19 pandemic.## California Film Commission Executive Director, Colleen Bell said, "Governor Newsom's announcement to expand the film and TV tax credit program is great news for California. The additional 30 million dollars in funding will be allocated to relocating TV series, which bring long-term, high-wage jobs and significant production spending to our state. To date, our tax credit program has welcomed 23 relocating series from other states and countries. The additional funding will enable us to grow that positive impact". ## Stay tuned...
