Is Louisiana Tax Incentives Worthwile - Business

While Louisiana may provide a seemingly great deal in its -30% transferable incentive for full and state expenses related to producing a movie, there exist several major disadvantages in filming there as compared to other states. While tax incentives induce economic advantages to that specific state, secondary economic advantages also take place. One example is movie induced tourism or FIT. However, Louisiana hosts many films, which haven't increased or even experienced film induced tourism. A number of other states nearby have both tax incentives and also have been observing film induced tourism for the past 10 years like Georgia and North Carolina. Although relatively perfect for a production with a non-urban or suburban setting, Louisiana is very identifiable and doesnt have that Anywhere, USA adaptability that other cities say Atlanta or Wilmington have. Unlike Louisiana, North Carolina has shorelines that are comparable to that of California, without the steep Hollywo od production cost. Also, travel in and out of Louisiana, specifically New Orleans, is not easy, especially since Hurricane Katrinas destruction and the resulting infrastructural failures. Once more, Atlanta provides a really practical substitute for Louisiana, as Atlanta hosts the busiest airport in the country and also offers very adaptable travel arrangements that any production officer could need. Plus, EUE/ Screen Gems, a famous film and television production company, are conveniently located six miles from Atlantas Hartsfield- Jackson Atlanta International Airport.Louisiana has been struck hard by the recent recession as well as natural disasters, forcing lots of inhabitants to move elsewhere. The output of the work force has proved to be detrimental to the movie industry as many employees are now working for other companies not based in Louisiana. Without a convenient airport close by and a work force that's been decreasing for the past several years, the film industr y in Louisiana isn't what it used to be. Even though major motion pictures have been shot there, they are mostly computer animated and tv shows are leaning more on the production sites in North Carolina and Georgia. Actually, EUE/ Screen Gems is currently home to over nine television programs this year, which includes a 9th Season of One Tree Hill which is presently being shot in Wilmington, North Carolina.It is very essential to offer a convenient location for shooting when choosing production studios to use. As mentioned earlier, although Louisiana may provide cost-effective alternatives by means of extensive tax incentives, it does not provide a convenient city location for filming. While New Orleans is definitely an entertaining place full of culture, it's unique and well-known, and really cannot be used when searching for a generic city type feel. For that reason, if a movie or television show needs urban scenes, it is likely that they'll have to go to a close convenien t city, increasing production expenses with transportation fees for stars, staff, as well as crew. This inconvenience seems unnecessary when EUE/Screen Gems production studios in Wilmington, North Carolina and Atlanta, Georgia have the 2 largest stages eastern side of California.

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