Results tagged “incentive”

After years of hemorrhaging film production business to cheaper locations like Canada, New York City is seeing a spike in movie shoots, back up to the pre-9/11 level. Bloomberg reports that the city saw a 36% rise in production last year, with over 245 movies and television shows shot citywide in 2007. A consulting group hired by the mayor’s office determined that the industry pumps $5 billion a year into the economy and employs some 100,000 people.