Georgia Film Boycott Could Bring More Filming To The Hudson Valley
Georgia is a massive media production state that is now facing boycotts from major companies.
In total, Georgia's media production industry is valued at about $9.5 billion, with a lot of help from tax credits. According to CNBC, production companies like Disney and Netflix are threatening to leave the state because of a controversial abortion bill that was passed. Another area with a tax credit that could attract the business? The Hudson Valley.
CNBC reports that the Hudson Valley offers a 45% tax credit for post-production costs. Post-production is everything done after filming, such as editing, and is often where most of a film's costs are from. The credit in the Hudson Valley exists largely because of efforts from actress Mary Stuart Masterson. She was in 'Some Kind of Wonderful' and 'Fried Green Tomatoes'. Masterson has been trying to start a production company in Kingston and Rhinebeck. Masterson was lobbying New York State for a tax credit to be competitive with Georgia. The credit took effect in 2017.
There have been roughly 500 productions in the Hudson Valley since 2000, according to CNBC. These productions have created thousands of jobs and $200 million for the Hudson Valley economy. Since 2018, there have already been 30 productions in the area. Masterson aims to employ roughly 200 people with her company.
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