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re: The Movie Business in Louisiana. Any thoughts on its possible comeback?
Posted on 2/5/17 at 9:46 am to No Colors
Posted on 2/5/17 at 9:46 am to No Colors
LA movie business was all about the tax credits. LA was losing tons of money bc we were giving them so much in tax credits. It was supposed to have a lasting effect and lead to a permanent industry and a slow decrease on the tax credits, but it wasn't sustainable, and the industry clearly was only using LA for the credits. As soon as we pulled back the tax credits, they moved to the next state they could take advantage of, Georgia
3
Posted on 2/5/17 at 9:52 am to Upperdecker
Yeah. I'm sort of aware of the political and economic history of the debacle. I'm sort of curious about what happens next. Is GA the consensus "permanent home" of the business? Or is this gonna be a carnival road show that bounces to NC or somewhere else next?
Posted on 2/5/17 at 9:57 am to Upperdecker
They would film movies on the sun if the tax credits were right.
Posted on 2/12/17 at 10:57 pm to Upperdecker
That's what the petrochemical business is about in La- massively underpricing the state's resources, requiring the taxpayers to pay the price of externalities, and massive subsidies also financed by the taxpayers. And with petrochemical the white collar jobs still go to Texas (just like the executive jobs in movies stayed in California).
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