Posted: Wed., Dec. 28, 2005, 12:59pm PT

Gotham incentives bring in $600 mil

250 films, 100 TV shows shot in NY in 2005

NEW YORK -- The introduction of the "Made in N.Y." incentive program brought $600 million in new production business to Gotham and led to the creation of jobs for more than 6,000 New Yorkers this year.

As a direct result of the program, more than 250 independent and studio films and 100 TV productions shot in Gotham's streets and studios in 2005.

Signed into law by Mayor Michael R. Bloomberg on Jan. 3, the "Made in N.Y." tax credit offers a 5% credit from Gotham on top of the state's 10% credit for qualified film and television productions.

The program credits soon will reach the total $50 million allocated for this initiative.

As an additional component of the incentive program, Gotham offers free advertising on city-owned media to film and TV productions that do at least 75% of their shooting in the five boroughs.

Productions that have benefited from the program thus far include films "The Interpreter," "Mad Hot Ballroom" and "The Squid and the Whale" and TV shows "The Apprentice" and "Law & Order: Trial by Jury."


TALKBACK:

Have an opinion about this article? Be the first to comment



Print Variety
Bookmark
Get Variety:
Variety Mobile Variety Digital Variety Home Delivery
Newsletter Signup:

Featured Jobs

Variety Real Estate