Industry Impact on Location Economies • On-location crews spend monies in a variety of ways throughout local communities, supporting local businesses (just like tourists) including hotels, restaurants & gas stations • The Florida tourism and hospitality industries also beneﬁt from major marketing and advertising campaigns launched by studios and TV networks to promote Florida-based productions • Increased world-wide exposure triggers ﬁlm-based tourism, driving more revenue into tax coffers • High-impact feature ﬁlms and TV projects stimulate the real estate industry by showcasing Florida’s desirable lifestyle globally • Productions rely on a combination of workers and
In 2010 the Florida legislature passed legislation that converted Florida’sEntertainment Industry FinancialIncentive Program from a year to year cash rebate program to what is now a six year programwith $296 million in transferable tax credits - this program has jump-started Florida’s ﬁlm and entertainment industry.
Film & Entertainment by the numbers...(Program projections as of 04/30/2012) • 433 Applications received • 204 Projects certiﬁed • 27 Projects awarded tax credits so far... • Over $1.25billion projected to be spent on qualiﬁed FL expenditures • Approx. 162,000 projected # of positions created • Over $745million projected to be paid in FL wages • Approx. 222,000 room nights
P3 Update 2011 Top 10: United States of Production 1) Louisiana 7) New York 2) Illinois 8) Utah 3) FLORIDA 9) New Mexico 4) Georgia 10)Michigan 5) California 6) Connecticut “McClure reports that production revenue for ﬁscal year 2010 sat at $760,722, 482, and, as of May 2011, the amount was $981,059,895 for ﬁscal year 2011. These numbers don’t lie: The heat is deﬁnitely on in Florida.”
Florida Production Map ORLANDO/SPACE COAST: Transformers 3 Tooth Fairy 2 Monster Water Boy ST. PETE/CLEARWATER: Dolphin Tale Magic Mike Spring Breakers South Florida: Rock of Ages The Glades Magic City Burn Notice
Orlando Film Commission• Market Metro Orlando as a Premiere Filming Destination• Streamline Permitting Across the Region• Preliminary Location Assistance• Retain/Grow the Production Infrastructure
PRODUCTION REVENUE TRACKING GUIDELINESDirect Spending For On-Location Production - US Dollars *Revised 2007
How Do You Get Involved Support local and state associations such as Film Florida , the State Office of Film & Entertainment and your Local Film Commissions by supporting our initiatives to build and grow the industry throughout the State