by Megan Kamerick, NMBW StaffThe 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.
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