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Organization Galvanizing the Massachusetts Film & Television Production Community In Anticipation of Significant Growth
Aggressive Tax Incentives Package Puts Mass. in Hollywood's Crosshairs, Production Industry Leaders Rally in Preparation
(Boston, MA) Recently passed tax incentives, designed to lure more film and television production to Massachusetts, has the local and national entertainment industry abuzz. The Massachusetts Production Coalition (MPC), the organization of production professionals that spearheaded the passage of these incentives, is taking the lead in readying the State for a dramatic rise in locally filmed and produced projects.
Over 200 of the State's leading film and television professionals gathered at an MPC sponsored event on November 6th to participate in a panel discussion on impact of the Tax Incentive. The participants were also introduced to Richard Krezwick, the newly appointed head of the Massachusetts Sports and Entertainment Commission. Both topics have significant meaning for a newly unified local production community and the entertainment industry at large.
The tax package is among the most aggressive in the nation and has Hollywood exploring numerous opportunities the state now can provide. With Krezwick and his office charged with representing the state, national and international film and television producers have a centralized body to channel their projects through as they take advantage of the incentives. Krezwick was very optimistic about the State's situation:
"Everything is pointing in the right direction for growth. The tax incentives are gaining national attention and now it's time to unite the local industry to develop a realistic strategy to promote and foster that growth. The MPC is working closely with my office to insure that Massachusetts reaps the full benefits of the incentives both economically and artistically."
In other states, similar incentive packages for film and television have led to significant economic growth. Not only does the local production community grow, but there is a significant boost in revenue for vendors servicing the entertainment industry as well tourism and travel in that state. In New Orleans, prior to Hurricane Katrina, revenue from film and television production rose from $22 million per year to over $250 million in the 3 years after it's tax package passed.
With locally filmed projects such as Martin Scorsese's The Departed, Ben Affleck-directed Gone Baby Gone, The Game Plan, starring Dwayne "The Rock" Johnson, Massachusetts is already seeing indications of a major increase in local production.
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