Issue Position: New York City Film Credit

Issue Position

While they were eliminating economic development funds for Upstate, Senate Democrats approved a $420 million Film Production Credit that will have cumulative benefits of $2.1 billion over five years, and predominately benefit New York City.

It is estimated that 93% of the Film Production Credit will be earned in New York City. This new credit pool will raise the amount of credits very near the $550 million estimated cost of the entire Empire Zone program just prior to 2009.

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