Hardware Retailing

JAN 2019

Hardware Retailing magazine is the pre-eminent how-to management magazine for small business owners and managers in the home improvement retailing industry.

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Page 82 of 86

HARDWARE RETAILING | January 2019 78 Last Word Ready for Their Close-Ups T he most famous Hollywood might be in California, but the economic impact of the film and TV industry has expanded well beyond the West Coast. According to the Motion Picture Association of America, the film industry supported 2.1 million jobs and generated $139 billion in total wages in 2016. It isn't just the big studios doing work either. The association says the industry is comprised of over 93,000 businesses in total, with 87 percent of those businesses employing fewer than 10 people. Many state governments have looked into making their state a fertile ground for movie production. Take a look at how one retailer has made the most of supplying film and stage productions on Page 66. Then see how other states have worked to find the spotlight. Louisiana • 25% base rate redeemable tax credit • 60%-plus rate if filming outside New Orleans • 22,707 jobs in 2016 • 19 films, 14 TV series in 2017 Massachusetts • 25% tax credit, minimum investment of $50,000 • 25% payroll tax credit • 33,566 jobs in 2016 • 15 films, 6 TV series in 2017 Georgia • 20% transferable tax credit, minimum investment of $500,000 • 10% tax credit if state logo used in credits of production • 92,494 jobs in 2016 • 65 films, 83 TV series in 2017 California • 20% tax credit with $1-75 million budget for feature films • 75% of production days or budget in California required • 715,555 jobs in 2016 • 281 films, 426 TV series in 2017 Kentucky • 30% refundable tax credit, minimum investment of $250,000 on films • 35% credit for state resident wages • 10,043 jobs in 2016 • 18 films in 2016-17 Sources: Motion Picture Association of America, Film Production Capital, National Conference of State Legislatures

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