Thursday, November 13, 2014

Michigan Chamber CEO Blasts Film Subsidies as a 'Boondoggle'

Michigan Chamber CEO Blasts Film Subsidies as a 'Boondoggle' [Michigan Capitol Confidential]: "Studley read from a Michigan Economic Development Corp. memo dated Feb. 18, 2014.
“A total of $26,551,106 in film credits were claimed from the Department of Treasury in 2013,” he said.
“As of Dec. 31, 2013, a total of $225,539,660 in film tax credits have been paid out by the state with $94,148,139 in potential film credits that remain eligible to be claimed under the tax credit program.”

“What is the return on this?” 
Studley asked, before turning again to the MEDC memo.
“For the calendar year 2013 here are the permanent jobs created:
for the movie 'Man v. Wild,' zero permanent jobs;
for the movie 'Fish Zoos Zoos Wham Whams,' zero jobs; for the movie 'Chasing Jimmy,' zero jobs;
for 'Detention of the Dead,' zero;
for 'Actor,' zero;
for 'AKA Jimmy Picard,' zero;
for 'Beside Still Waters,' zero; for 'Blue Goji Boxing,' zero;
for 'Keystone Studio’s 100th Anniversary Collection,' zero;
for 'Low Winter Sun,' zero.”"

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