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Health & Lifestyle
Submitted by Guest2468 (not verified) on Mon, 11/16/2009 - 1:19pm.
The increased tax incentives to bring new film/tv work to the area are easily made up for when those productions actually commit to filming here. The revenue that those productions generate is HUGE. One Tree Hill, for example, spends at least 2 million dollars an episode, and typically shoots 22 episodes a year (for the last 6 1/2 years). That 2 million dollars only represents the revenue that can actually be counted. There is so much more money that comes from other aspects such as the tourism $ generated by fans who flock to the town continuously to see the locations and actors. And this is just a relatively small TV production. Big budget films bring in even more. The tax-incentives are necessary to get them here. There's no denying that this is good business for Wilmington and North Carolina. If you think this is so wrong economically, why do you think South Carolina, Georgia, Louisiana, and others have passed more aggressive tax incentives. They understand that the incentives will be easily repaid once they nab the productions. It's high time North Carolina became competitive.
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