Productions generated estimated $222.5 million in spending, with nearly 10,000 new hires in NYS; state film tax credit program annually generates hundreds of thousands of hires, millions in investment
Empire State Development on Monday congratulated four New York-based productions that won awards during the 76th Annual Golden Globe Awards ceremony on Sunday. The productions generated an estimated $222.5 million in spending and created 9,854 hires across the state.
The winning productions participated in the New York State Film Tax Credit program. Launched in 2004, the program has incentivized billions of dollars in economic investment across the state and continues to be the principal factor cited by productions when deciding to film and produce in New York.
The complete list of the Golden Globe Award winners participating in the New York Film Tax Credit program includes:
ESD President, CEO and Commissioner Howard Zemsky said, “The Empire State is home to innovative film and TV productions that annually generate hundreds of thousands of hires and millions in investment, and I congratulate the 2019 New York-based Golden Globe winners on their creative contributions to the industry this year.”
In 2018, 203 film and television projects applied for the New York State Film Tax Credit, generating an estimated 222,936 new hires and $3.988 billion in new spending for New York. The budget allocation - $420 million per year through 2022 – has led to significant growth, fostered multiyear productions, and seen investments in production infrastructure.
ESD said the New York's film incentive program offers the nation’s most stable and successful production and post-production tax credits—up to 40 percent for production and 45 percent for post-production. The New York State Governor's Office of Motion Picture & Television Development (MPTV) offers film, television and commercial production and post-production tax credits for qualified expenditures in New York. MPTV helps productions navigate the industry landscape, serving as a liaison between production companies and city and local governments, state agencies, a network of statewide contacts, local film offices and professional location scouts and managers.
The state also offers unique locations, talent and world-class production and post-production facilities. More than 250 soundstages in over 90 qualified production facilities are located throughout the state and can be used in conjunction with the tax credit. New York also is home to one of the largest and most experienced pools of talent and crew anywhere in the country.
New York’s film industry infrastructure has also seen growth at every level. That growth has been led by the expansions at world-class soundstages such as Steiner Studios, Silvercup Studios, Kaufman Astoria Studios and Broadway Stages; the addition of more than 15 new post-production facilities; and major expansions at more than a dozen established post and VFX houses, including Deluxe, Phosphene, Molecule and Technicolor. New York’s professional crew base has also added members and expanded in all parts of the state, while rental houses, support services, and world-class talent pools have grown to keep up with the demand.
For more information on filming in New York State or the Film Production and Post Production Tax Credit Programs, please visit www.NYSFilm.com.