"By giving filmmakers the best deal in the country, we will increase Michigan's visibility, bring new jobs to our state immediately and pump millions of dollars into our local economies," Dean said. "Now that spring is here and the writer's strike has ended, filmmakers are eager to ramp up on productions. Passing this plan sends a strong message to the film industry that we are open and ready for business."
According to testimony heard in a joint committee hearing last week, the film industry is already buzzing with excitement over the film incentive package and is running budgets to see how much they would save by coming to Michigan.
The bipartisan film incentive package would make it more affordable for production companies to film in Michigan. Under the plan, Michigan filmmakers would enjoy at least a 40 percent tax credit, the biggest tax break for the film industry in the nation. In addition, other tax incentives for private investments, loan programs and job-training expense credits would make Michigan one of the best bargains for production work. The incentive package also opens up state and local government property such as parks, buildings, roads and landmarks to be used for free and with ease.
Recently, movies filmed in Michigan have infused millions of dollars into the economy. The movie "Semi-Pro," which was filmed in Flint in 2007, brought in $1.3 million to the Michigan economy in less than one week through purchases and local hires. "8 Mile," which was filmed in Detroit for four months, pumped $7.2 million into the local economy. States that have been out in front have seen film spending rise in their state. Louisiana, for example, saw spending rise from $7 million in 2003 to $350 million in 2006.
"Michigan is being passed by in too many cases because it's cheaper and easier to film movies elsewhere," Dean said. "The film industry seeks out the best deals in terms of choosing a location, and Michigan's incentives aren't cutting it. This plan puts us at the front of the line when it comes to attracting the good-paying jobs, increased visibility and economic boost the film industry would bring."