Is Louisiana Tax Incentives BetterOff - Business

While Louisiana may offer a relatively great deal in its -30% transferable incentive for full and state expenditures related to the production of a film, there exist several major disadvantages in shooting there as compared to other states. While tax incentives induce economic benefits to that specific state, secondary economic advantages also take place. An example is film induced tourism or FIT. However, Louisiana is home to numerous films, which have not increased or even experienced movie induced tourism. Many other states in close proximity have both tax incentives and also have been witnessing movie induced tourism within the past 10 years like Georgia and North Carolina. Although seemingly ideal for a production that has a rural or suburban setting, Louisiana is incredibly identifiable and does not have that Anywhere, USA adaptability that other cities say Atlanta or Wilmington have. In contrast to Louisiana, North Carolina has shorelines that are similar to that of California, without the steep Hollywood production cost. Also, travel in and out of Louisiana, specifically New Orleans, is not a piece of cake, especially since Hurricane Katrinas destruction 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 flexible travel arrangements that any production officer may require. And also, EUE/ Screen Gems, a renowned film and tv production company, are conveniently located six miles from Atlantas Hartsfield- Jackson Atlanta International Airport.Louisiana has been hit really hard by the recent recession as well as natural disasters, requiring a number of residents to move in other places. The outflow of the work force has proved to be detrimental to the movie industry as many workers are now earning a living for other companies not located in Louisiana. With no convenient airport nearby and a labor f orce that has been decreasing within the past number of years, the movie industry in Louisiana isn't what it was in the past. Although huge movies have been shot there, they're mostly computer animated and television shows are leaning more on the production sites in North Carolina and Georgia. Actually, 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's very important to offer a convenient location for filming when choosing production studios to use. As stated earlier, although Louisiana may offer cost-effective options by means of extensive tax incentives, it does not offer a convenient city location for filming. While New Orleans is an exciting area full of culture, it is distinctive and well-known, and truly cannot be used when searching for a generic city type feel. Consequently, if a movie or television show requires urban scenes, it is likely that t hey will have to go to a nearby convenient city, raising production costs with transportation fees for stars, staff, as well as crew. This trouble seems unnecessary when EUE/Screen Gems production studios in Wilmington, North Carolina and Atlanta, Georgia have the 2 biggest stages east of California.

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