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    Who are the NERD fund donors Mr Snyder?

    Raise the curtain.

    Film Credit Failure Redux..


    By JGillman, Section News
    Posted on Tue Apr 20, 2010 at 12:04:55 PM EST
    Tags: Film Credits, Lost Jobs, Mackinac Center, Michigan (all tags)

    Despite state giving away $117 million in subsidies over two years, there are nearly 10 percent fewer industry jobs.

    Pardon me.. do you have a second?  I just wanted to say...

    I told you so.

    Or Better yet.. I TOLD YOU SO!

    OK.. not exactly it, but a good representation of prognostication with regard to this issue.  But this time with a little twist of lemony puckering.

    Film Reel Below The Fold..

    From the Mac Center:
    "MIDLAND -- There has been a nearly 10 percent drop in movie industry employment in the state over the past two years since the Michigan film incentive went into effect and doled out  $117 million, according to Mackinac Center Fiscal Policy Analyst James Hohman.

    "Film incentive supporters often point to particular jobs generated by the program's subsidies as evidence of its success," Hohman said. "But the reality is that the state is redistributing millions of taxpayers' dollars to one industry that happens to be employing fewer people."

    The Bureau of Labor Statistics reports that as of September 2009 (the most recent month available)*, there were 5,290 people in Michigan employed under the category of "motion picture and sound recording industries." In April 2008, when legislation was signed creating the film subsidy program, that same classification reported 5,867 jobs, or 9.8 percent more.

    "While the film incentive program has succeeded at making this very small piece of the state's economy more visible, the actual data shows that it has failed to increase the overall number of film jobs in the state, let alone provide a source of growth for any other industry," Hohman said.

    The film subsidy is estimated to cost $155 million in fiscal 2011, Hohman noted, which is equal to 7 percent of what the Michigan Business Tax extracts from other state businesses."


    And the Oscar for worst story line goes to....
    < Meet The People Candidate Forum Michigan Senate 37th District | New Detroit Free Press business model: shill for liberal smear ads towards Mike Cox >


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    Display: Sort:
    Temporary (none / 0) (#1)
    by grannynanny on Tue Apr 20, 2010 at 06:32:20 PM EST
    That is why I do not like this tax credit.  The jobs that are currently in the state probably include music companies that provide sound tracks/background music, etc.  But most of these film companies bring their own personnel that they are familiar with and who know their jobs and the industry.  When the film is done they are gone.  Granted money is spent while they are here thus contributing to the coffers but the same thing happens with tourists.

    I bet the temps they hire while here is less than 20-40 per film. Considering what they are getting back in incentives compared to employment statistics I would say the state is on the very short end of the stick.

    Get rid of it all together.  Not worth it to me and many others who don't go to the movies to see the trash they put out anyway.

    Maybe (none / 0) (#3)
    by LookingforReagan on Thu Apr 22, 2010 at 10:51:08 PM EST
    We need to show up in front of Micheal Moron's hotel or office with a bevy of video cameras and a couple of pillow cases and ask for our money back. Works for me.

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