Is Louisiana Tax Incentives Worth It - Business

While Louisiana may give a relatively good deal in its -30% transferable incentive for total and state expenses associated with the production of a film, there exist some major downsides to filming there as compared to other states. While tax incentives induce economic benefits to that specific state, secondary economic benefits also take place. One example is movie induced tourism or FIT. However, Louisiana hosts many films, all of which have not increased or even experienced film induced tourism. A number of other states in close proximity have both tax incentives and also have been observing movie induced tourism within the past decade like Georgia and North Carolina. Although seemingly ideal for a production that has a non-urban or suburban setting, Louisiana is very well-known and doesnt have that Anywhere, USA adaptability that other cities say Atlanta or Wilmington have. Unlike Louisiana, North Carolina has beaches that are comparable to that of California, with no high Hollywood production cost. In addition, travel in and out of Louisiana, particularly New Orleans, just isn't a piece of cake, especially since Hurricane Katrinas devastation and the resulting infrastructural failures. Once more, Atlanta gives a really practical substitute for Louisiana, as Atlanta is home to the busiest airport in the country and provides extremely adaptable travel arrangements that any production officer may need. Not to mention, EUE/ Screen Gems, a famous movie and tv production company, are conveniently located 6 miles from Atlantas Hartsfield- Jackson Atlanta International Airport.Louisiana has been hit really hard by the latest recession and natural disasters, requiring a number of inhabitants to move elsewhere. The output of the work force has proved to be detrimental to the film industry as many employees are now working for other companies not in Louisiana. With no convenient airport nearby and a work force that has been decreasing for the past few years, the movie industry in Louisiana isn't what it was in the past. Although major movies have been shot there, they are mostly computer animated and television shows are leaning more on the production sites in North Carolina and Georgia. In fact, EUE/ Screen Gems is currently home to over 9 tv programs this year, including a 9th Season of One Tree Hill which is presently being shot in Wilmington, North Carolina.It is extremely important to provide a convenient location for filming when selecting production studios to use. As mentioned earlier, although Louisiana may offer cost-effective alternatives through extensive tax incentives, it doesn't offer a convenient city location for filming. While New Orleans is definitely an enjoyable place rich in culture, it is unique and recognizable, and really cannot be used when looking for a generic city type feel. For that reason, if a film or tv show needs urban scenes, it is likely that they will have to travel to a close conv enient city, raising production expenses with transportation expenses for stars, staff, as well as crew. This inconvenience seems avoidable when EUE/Screen Gems production studios in Wilmington, North Carolina and Atlanta, Georgia have the 2 largest stages east of California.

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