Part 7/13:
While U.S. states vie with each other, international competitors have increasingly dipped their toes into this lucrative industry. Starting around 1998, Canada, notably British Columbia, began aggressively offering incentives, quickly becoming the third-largest North American hub behind New York and California.
By the late 2000s, over 44 countries had implemented some form of tax incentives, creating a global “arms race” for productions. Today, roughly 58 countries offer incentives, often with the added benefit of cheaper labor, minimal union fees, and favorable exchange rates.