Friday, January 16, 2009

Ernst & Young: NM film Incentives = Good ROI

by Megan Kamerick, NMBW Staff

The film industry and its supporters in New Mexico are most likely breathing a sigh of relief.

The long-awaited study by Ernst & Young on the economic return by the state’s film and media incentives found that for every $1 extended in state tax credits, state and local governments received $1.50.

Gov. Bill Richardson made the announcement Friday and said the state’s incentives to attract film and television productions have created high-quality jobs, health coverage and benefits for New Mexico workers.

To read the full article, click here!