February 2, 2017

Governor Cuomo Proposes Extension of State Film Tax Credit Program Through 2022

via EMPIRE STATE DEVELOPMENT

Hal G. Rosenbluth, President and CEO of Kaufman Astoria Studios said, “The Governor’s support of the New York State Film Tax Credit Program is great economic policy. The tax credit program combined with New York’s great talent drives the $9 billion production industry in New York. The industry creates in excess of 100,000 high-paying jobs and spends billions of dollars in the local community for goods and services. Having the tax credit in place encourages Kaufman Astoria Studios and its counterparts to invest in building new infrastructure to service and grow the industry. With this extension of the tax credit program the Governor has established ‘a win-win’ for the economy.”

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