Film Industry Lured to Michigan

In an otherwise stalled local economy, a few new construction projects are underway in Michigan, thanks to new tax incentives that are drawing the film industry to the state.

"The recent surge of interest was set in motion in April 2008, when Gov. Jennifer M. Granholm signed a 14-bill package into law, which among other things provided a 40 percent tax credit or cash rebate for studios on their business tax returns in Michigan. An additional 2 percent rebate is available for films produced in 103 communities.

There is also a 25 percent infrastructure credit, which is applied against expenditures on construction of a studio and its contents, said Janet Lockwood, director of the Michigan film office."

New sound stages are being constructed and old buildings are being rehabilitated for use in the film industry.

Thanks to ArchNewsNow

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