film incentives

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    Look no further than film incentives, solar subsidies, and the recent vote on craft freedom

    From Ludwig von Mises’ Human Action, 1949, pp. 865-866. (To understand this passage in terms of the Orwellian language that dominates modern politics in North Carolina and elsewhere substitute the word stakeholders for Mises’ use of the phrase “pressure groups.”) The public looks askance upon the lobbyists and blames…
    Roy Cordato, May 19, 2017
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    Senate budget would keep film grants, but it shouldn’t

    The newly released Senate budget would retain the Film and Entertainment Grant Fund, with a bit of a twist. As Carolina Journal reported, the budget would make $15 million of the $30 million grant a permanent feature. While this isn’t as bad as earlier proposals to jack the fund…
    Jon Sanders, May 10, 2017
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    This should raise red flags for film subsidy supporters

    It’s rare when one can highlight the overwhelming awesomeness that is Spinal Tap, while at the same time making a point about public policy. So thanks, Bloomberg Businessweek! Robert Kolker’s feature in the latest issue documents the efforts of Spinal Tap’s creators to recover some of the money…
    Mitch Kokai, April 25, 2017
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    Special favoritism for film productions is still a bad idea

    Economics hasn't suddenly changed. So there's no need to expand dramatically the state's film grant program, especially not to five and a half times the level it was in 2015. But House Bill 473 and  Senate Bill 358 would both pump up the state's "Film and Entertainment Grant Fund" to $55 million. States reviews of their own film incentive programs1 have consistently found they are net money losers. NC's previous program was returning only 19 cents per dollar:
    Jon Sanders, March 28, 2017
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    New Carolina Journal Online features

    Dan Way reports for Carolina Journal Online on a bill to expand taxpayer subsidies for the N.C. film industry. Roy Cordato’s Daily Journal highlights key problems tied to the American Health Care Act.
    Mitch Kokai, March 24, 2017
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    Why film incentives don’t work

    As recently as 2009, 44 U.S. states were providing incentives for film production. Only six states weren’t. Now up to 16 U.S. states are not doing film incentives. Recent research published by Prof. Michael Thom of the University of Southern California found no impact of motion picture incentive programs’ [MPIs] on their states’…
    Jon Sanders, September 26, 2016
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    Film production incentives: now one-third of US states are out

    In 2009, only 6 U.S. states didn’t have tax credits for film production. They had gotten into what The Economist called “a stupid trend,” “silly,” and a “beggar-thy-neighbor trade war.” The number of states providing film incentives went from four in 2002 to 44 in 2009. North Carolina joined…
    Jon Sanders, June 2, 2016
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    How to grow the economy the media way

    If you pay attention to the pages of the News & Observer, or listen to other local media soothsayers, you will over time derive their principles of economic growth for our great state. But most people haven’t the time or the patience for that, so here are many that I’ve been…
    Jon Sanders, April 6, 2016