Sunday, December 9, 2012

What the movie industry does for the economy…


What the movie industry does for the economy…  More goes into making a movie then what most people may think.  There is more to making a movie then just a few big name actors and directors.   Have you ever watched the end of a movie, you know the part with the credits?  Look at all the people that it took to make that movie and all the people that got paid.  But still, there is more then just that, there is local business like carters, locations and printers, to name a few, that also makes money off the movie.  Making movies boosts the economy “drastically.”

A lot of states offer tax incentives.  Michigan is one of those states.  Former Governor Jennifer Granholm invoked a state tax incentive in 2008 in an effort to help the state economy grow after the fall out from the automobile industry.  In 2008 we had such films as Grand Torino, Up in the Air, Scream 4 plus a hundred other movies to the state.  But all good things must come to an end.  When we elected a new governor, Rick Synder, he decided that the state could not afford these tax incentives and put a cap on the incentives that films could get.  The incentives that Granholm put in place brought new studios and schools, not to mention jobs, to the state. 


Maxsar Digital Studios a 1.6 million studio that opened 14 months ago is threatening to close.  A lot of industry people moved back to their native Michigan when the tax incentives came about, but they are relocated back to Los Angeles.  This decision of Snyder has affected more then just the film industry.  It has affected businesses like hotels, catering business and vehicle rentals. 

These new tax incentives have affected me personally.  I attended one of the new schools that came to the Detroit area.  Oh, did I mention that the state paid for me, along with many others, to go to school to work in the film industry.  But the job outlook in the state in no the same as it was just a few years ago.  But I will not give up, because I have a great love of making films.