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New York Boosts Film Subsidy to $800 Million in Tussle With New Jersey
New York hiked its tax incentive from $700 million to $800 million in response to competition from across the Hudson River.
“Congratulations and thank you to Governor Hochul and state lawmakers for this momentous expansion of what is a proven economic driver for New York,” said Charles Rivkin, the organization’s chairman and CEO. As the outpouring of support from across the state has made clear, New York crews, creatives, and small businesses are applauding leaders in Albany today.” British Columbia also moved to expand its provincial tax incentive, in the face of a severe downturn in film employment in recent years.
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