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Indiana Approves Movie Incentive Plan

Posted by: Nate Berg

16 February 2008 - 7:00am

Lawmakers in Indiana have approved an incentive program that seeks to attract filmmakers to the state, a move that overrides a veto by Governor Mitch Daniels.

"'We have been trying to get incentives off the ground for five years,' said Greg Malone, a producer and president of the Indiana Media Industry Network, which represents more than 300 industry-related businesses across the state."

"Daniels vetoed the incentives bill last year, calling it too expensive for taxpayers. Earlier this year, the House overrode the veto 77-17, and Thursday, the Senate voted 36-11 to do the same."

"That vote effectively makes it the law of the land."

"According to an analysis by the General Assembly, the legislation will mean the loss of up to $18 million a year in state tax collections, based on current filming activity. The incentives would begin July 1 and end by Jan. 1, 2012, unless extended by lawmakers."

"'I can't imagine what they were thinking,' Daniels said. 'Legislators have given out $30 million in corporate subsidies, most of which are likely to go to existing businesses and not bring a single new job to our state.'"

Full Story: Vote OKs tax breaks for filming in state
Source: The Indianapolis Star, February 15, 2008
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The areas where we have severe blight and indications of more blight to come are basically the same as they ever were. How in the world are we ever going to move our community development selves into an alternative future that thinks differently about the challenges we face in our cities and low-income suburban and rural communities?
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