Tax Incentives Brings Film Revenue to Spokane
It’s not Hollywood, but Spokane, Washington has a film industry that is certainly helping to spark the economic life of the city. Filmmakers in the area will often spend 85% of their budget locally, and when the budgets reach $5M dollars that can be a significant amount of money.
How does it work? As one local producer notes:
[we] wouldn’t be able to land clients without funding from WashingtonFilmWorks, a Seattle-based nonprofit that administers funds from the Motion Picture Competitiveness Program, which was created by the Washington Legislature in 2006. The funds cover up to 20 percent of production companies’ in-state expenditures, up to $1 million per project, its Web site says. WashingtonFilmWorks can collect up to $3.5 million in funds a year, which it obtains from businesses that count their contributions as a credit against their business-and-occupation tax payments.
Legislators created the competitiveness program to help the state’s film and video industry compete with other states and Canada, many of which provide some form of tax relief for film producers. In the winter of 2007, North by Northwest became the program’s first funding recipient, for its movie, “The Holidays.” Since then, the company has received assistance for five more films, including “Norman.” For those movies, it has spent roughly $7.6 million within the state, and has received nearly $2.9 million in funding assistance, according to a project summary report by WashingtonFilmWorks. One of its upcoming films, “LadyKiller,” which also will be shot here, has been approved to receive roughly $324,000 in funds.
Food, lodging, and transportation are some of the basic industries that get a lift from Spokane film companies such as North by Northwest Productions. However, other less predictable industries, such as office supply, and hardware and lumber vendors have also gotten a boost from local production.
Tax legislation in Washington, which favors filmmakers, is also a bonus. There is also a blend of rural and urban areas, and the general consensus that Spokane is in general a nice place to film, and to live in.
Read the full article at the Spokane Journal:http://www.spokanejournal.com/spokane_id=article⊂=3618



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