Is Louisiana Tax Incentives Worth It - Business

While Louisiana may provide a seemingly great deal in its -30% transferable incentive for total and state expenditures associated with the production of a film, there exist a few significant downsides to filming there as compared to other states. While tax incentives induce economic gains to that specific state, secondary economic benefits also take place. An example is movie induced tourism or FIT. Nevertheless, Louisiana is home to countless films, all of which haven't increased or even experienced film induced tourism. A number of other states in close proximity have both tax incentives and have been witnessing movie induced tourism within the past 10 years like Georgia and North Carolina. Though relatively ideal for a production with a rural or suburban setting, Louisiana is incredibly recognizable and doesnt have that Anywhere, USA adaptability that other cities say Atlanta or Wilmington have. In contrast to Louisiana, North Carolina has beach locations that are simil ar to that of California, with no steep Hollywood production cost. Additionally, travel in and out of Louisiana, specifically New Orleans, just isn't easy, especially since Hurricane Katrinas destruction and the resulting infrastructural failures. Again, Atlanta gives a really good alternative to Louisiana, as Atlanta hosts the busiest airport in the country and also provides extremely adaptable travel arrangements that any production officer could require. Plus, EUE/ Screen Gems, a famous movie and television production company, are ideally located 6 miles from Atlantas Hartsfield- Jackson Atlanta International Airport.Louisiana has been struck really hard by the recent economic depression as well as natural disasters, requiring many residents to move elsewhere. The output of the work force has proved to be detrimental to the film industry as many laborers are now being employed by other companies not in Louisiana. Without a convenient airport nearby and a work force that h as been decreasing within the last few years, the movie industry in Louisiana is not what it used to be. Even though big movies have been filmed 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 more than 9 tv programs this year, including a 9th Season of One Tree Hill that is presently being shot in Wilmington, North Carolina.It is extremely essential to offer a flexible location for shooting when selecting production studios to work with. As mentioned earlier, although Louisiana may provide cost-effective options by means of extensive tax incentives, it doesn't offer a convenient urban location for filming. While New Orleans is an entertaining area rich in culture, it is distinctive and recognizable, 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 lik ely that they will have to travel to a close convenient city, increasing production costs with transportation fees for stars, staff, and crew. This hassle looks avoidable when EUE/Screen Gems production studios in Wilmington, North Carolina and Atlanta, Georgia have the two biggest stages east of California.

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