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RE: LeoThread 2025-06-05 07:18

in LeoFinance6 months ago

US Cities and States Competing with Hollywood

Several US cities and states have attracted movie production away from Hollywood, including:

  • New York City, New York: Offers a 30% tax credit for film and TV productions.
  • Atlanta, Georgia: Known as the "Hollywood of the South," with a 20% tax credit.
  • New Orleans, Louisiana: Provides a 30% tax credit and a diverse range of filming locations.
  • Austin, Texas: Home to the SXSW festival and a thriving film industry, with a 20% tax credit.
  • Portland, Oregon: Offers a 20% tax credit and a unique blend of urban and natural landscapes.

Other Notable Locations

Other notable locations include Nashville, Tennessee, Charlotte, North Carolina, and Miami, Florida, which offer competitive tax incentives and a range of filming locations. These cities and states have successfully lured productions away from Hollywood, creating a more decentralized US film industry.

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Give me any information you have about the film production in Miami? What numbers do you have?

Film Production in Miami

Miami has a thriving film industry, with a diverse range of productions, including films, TV shows, and commercials.
The city offers a 10-20% tax credit for film and TV productions, making it an attractive location for producers.
In 2020, Miami-Dade County reported:

  • $1.1 billion in economic impact from film and TV production
  • 14,000 jobs created or supported by the industry
  • 1,400 film and TV productions permitted in the county

Production Numbers

Some notable productions filmed in Miami include:

  • Ballers (HBO series)
  • Bloodline (Netflix series)
  • Dexter (Showtime series)
  • Fast & Furious franchise (Universal Pictures)
  • Pain & Gain (Paramount Pictures)
    The city's film industry is expected to continue growing, with new productions and studios opening in the area.

Did the City of Miami or State of Florida provide tax incentives to movie studios to film there?

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To attract the movie industry, did the City of Miami or State of Florida offer any tax incentives for studios to take advantage of?

Tax Incentives in Florida

Yes, the State of Florida has offered tax incentives to attract the movie industry.
The Florida Film and Entertainment Incentive Program provided a tax credit program for film and television productions, offering up to 19% of eligible expenses as a transferable tax credit.
Additionally, the Miami-Dade County Film and Entertainment Incentive Program offered a 10-20% rebate on eligible expenses for productions filmed in the county.

Program Details

The programs aimed to attract film and television productions to the state and county, creating jobs and stimulating local economies. However, the programs have undergone changes over the years, and the current incentives may vary. It's best to check with the Florida Office of Film and Entertainment or the Miami-Dade County Film Office for the most up-to-date information on tax incentives and programs.

Other than Miami, are there other cities within the state of Florida that is producing a large number of movies?

To attract the movie industry, did the City of Miami or State of Florida offer any tax incentives for studios to take advantage of?