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NC Film Industry Impact Called Into Question

3:26 PM, Jan 21, 2014   |    comments
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WILMINGTON, N.C. -- There are conflicting views in two reports on the impact of film incentives on the North Carolina economy.

The StarNews of Wilmington reports a study commissioned by the Wilmington Regional Film Commission and other agencies shows the industry means an economic impact of upward to $10 million for the Cape Fear area. But a report by the state Department of Commerce's Labor & Economic Analysis Division offers a contrasting view. That study shows that an estimated 4,000 jobs were created by the film industry in 2012, but those jobs cost state taxpayers about $18,500 each.

The study also found that while the industry had a $400 million impact statewide, the state's general fund lost more than $60 million on the tax credit.

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