A newly released study based on unprecedented access to Georgia film production data confirms the state’s film tax incentive has fueled billions in economic activity statewide — $8.55 billion in fiscal year 2022 alone; is responsible for nearly 60,000 jobs; and generates a return on investment of $6.30 for every $1 in tax incentive.
The Economic Impact Study of Georgia’s Entertainment Industry Tax Credit is the most comprehensive look to date at the economic impact of the film tax incentive and the role it plays in Georgia’s film industry success. The findings of the expanded economic study are based on wide-ranging industry data; extensive qualitative and quantitative research; and sector-specific IMPLAN modeling, a robust economic modeling tool used by governments, business professionals and academics to analyze economic development policies and programs.
“The results are in and the data unequivocally points to a win for Georgians,” said Kelsey Moore, Executive Director of the Georgia Screen Entertainment Coalition, which initiated the third-party study. “This study proves the film tax incentive is working exactly as intended. It’s created high-paying jobs for Georgians, supports thousands of new and existing small businesses, and attracts billions in production spending and investment each year. Through the vision and foresight of state leaders and the General Assembly, the film industry continues to benefit families, communities and workers throughout the state.”
According to the study, conducted by Olsberg • SPI, a 30-year-old London-based firm that has documented the film industry’s impact around the world for governments, film institutes and trade associations, in 2022 Georgia’s film tax incentive was directly responsible for:
● $3.54 billion in wages, retirement benefits and healthcare benefits that support Georgia households statewide.
● $5.54 billion in value added to Georgia’s economy.
● $8.55 billion in…
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