• John Locke Update

    A “Record” Year in Film Shows the Wisdom in Limiting Film Grants

    posted September 2, 2021 by Jon Sanders
    North Carolina reportedly had a record year of investment in film productions in 2021 despite having a cap on its film grant, a seemingly counterintuitive result that's consistent with research on film incentives. Owing to so many other factors influencing film productions, research has found film incentives have diminishing returns and argued for strictly limiting the incentives even if they're to grow the film industry as opposed to the state's economy. Research also finds that film incentives fail at growing a state's economy, returning only cents per dollar of tax credit or grant given.

film industry by Author