By James H. Hohman | Michigan Capitol Confidential
In 2011, Michigan changed its open-ended film incentive program to a capped $25 million annual subsidy. Since then, it’s been increased to $50 million. While the executive budget this year calls for another $25 million for this program, it should be eliminated entirely.
All told, the state has devoted $444.7 million to film productions from both the tax credits and appropriations, according to the state treasury and budget offices.
Despite spending hundreds of millions of dollars, the program is not designed to establish a permanent film industry. Approved film productions spend money in the state and leave. The state sends them a check based on what they spent. The hope is that if you keep priming the pump enough, someone will stay of their own goodwill.
at Michigan Capitol Confidential.
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