LANSING – State Representative Marc Corriveau (D-Northville) today voted for a bipartisan plan to create good-paying jobs and provide an immediate boost to our state's economy by attracting the film industry to Michigan using the best film incentives in the nation. The House and Senate are moving rapidly on a comprehensive package that will make Michigan one of the most convenient and most affordable locations for production work.
"For the film industry, cost and financing are the bottom line," Corriveau said. "Giving filmmakers the best deal in the country will increase our state's visibility, bring new jobs to our state and pump millions into our economy. Filmmakers are finalizing their plans. We need to put the stamp on ours and get our state open for business."
Under the plan, Michigan filmmakers would enjoy at least a 40 percent tax credit, the biggest tax break for the film industry in the nation. In addition, other tax incentives for private investments, loan programs and job-training expense credits would make Michigan one of the best bargains for production work. The incentive package also opens up state and local government property such as parks, buildings, roads and landmarks to be used for free and with ease.
Recently, movies filmed in Michigan have infused millions of dollars into the economy. The movie "Semi-Pro," which was filmed in Flint in 2007, brought in $1.3 million to the Michigan economy in less than one week through purchases and local hires. "8 Mile," which was filmed in Detroit for four months, pumped $7.2 million into the local economy. States that have been out in front have seen film spending increase. Louisiana, for example, saw spending rise from $7 million in 2003 to $350 million in 2006.
"The writers strike is over in Hollywood, and the film industry is impatient to get back to work," Corriveau said. "By taking quick action on this plan, we can bring those Hollywood jobs to Michigan for our own workers. This is a great plan that will bring new investment and help get Michigan's economy headed in the right direction."