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KYW's Regional Affairs Council presents, ''Hollywood on the Schuylkill''
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Posted: Sunday, 08 June 2008 3:52PM

The Payback from Pennsylvania's Tax Credits



 
by KYW's Tony Romeo

Governor Ed Rendell believes the level of production activity in Pennsylvania vindicates his push for state film tax credits. 

The governor (in file photo above) took more than a little heat for his support of film tax credits, but he says he and his state film office director now make sure lawmakers know how they’re working out:

“A huge success. And I want you to know that Jane Shecter and I send the legislature every newspaper article -- from Pittsburgh, from Philadelphia, from suburban newspapers. It’s probably produced beyond even my optimistic projections. It’s been a huge success, in revenue, in jobs created, in indirect jobs.”

According to figures provided by the Rendell administration, in the fiscal year coming to a close -- the first fiscal year that the $75 million in film tax credits were available -- the total film production in the state has topped $300 million. 

In the previous fiscal year, when there was only a $10-million film grant program with a $2-million cap per film, production topped out at only $97 million. 

What does that mean for Philadelphia? Governor Rendell talked about just that one day last month:

“Philadelphia, in one day, had Jennifer Aniston, Demi Moore, Morgan Fairchild, it had all these stars in the city in one day, and that adds general reputation of the city as a place to live, a place to visit, a place to recreate in.”

The Rendell administration says film production this year supported 4,000 jobs statewide.

 


 
 
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