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São Paulo Launches Third Cash Rebate Edition
Spcine is also finalizing preparations for a São Paulo-South Africa incentive for African Diaspora projects.
Municipal support for the program has already been renewed, now totalling US$ 3.8 million, while negotiations with the state of São Paulo are still ongoing, said Luiz Toledo, Spcine director of investments and strategic partnerships. “We are beginning to reap tangible results since we launched in 2019,” Toledo noted, estimating that São Paulo has attracted an average of 1,000 projects a year – encompassing films, series, ads and video clips – which invested a combined $404 million in the city and state between 2019 and 2023. “As part of this effort, we have joined the Latin American and Caribbean Network of Film Commissions and are in the process of finalizing a Memo of Understanding for the São Paulo-South Africa Incentive for African Diaspora projects,” Oliveira says.
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