{"id":12695,"date":"2024-01-20T16:09:15","date_gmt":"2024-01-20T16:09:15","guid":{"rendered":"http:\/\/lonecandle.com\/?p=12695"},"modified":"2024-01-20T16:09:15","modified_gmt":"2024-01-20T16:09:15","slug":"georgia-taxpayers-lose-160000-for-every-job-created-by-film-tax-credits","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=12695","title":{"rendered":"Georgia Taxpayers Lose $160,000 for Every Job Created by Film Tax Credits"},"content":{"rendered":"\n

\n\n“A new audit<\/a> of Georgia’s Film Tax Credit program found that the state “loses money” on the program. A lot of money, actually: about $160,000 for every job the program creates. Georgia is now spending about $1.3 billion annually on the program, but it generates a return on investment of just 19 cents per dollar, the auditors conclude.”
…
“There’s no doubt that Georgia’s program has influenced where movie and TV production takes place. The new audit concludes that the program has induced “substantial economic activity in Georgia,” but that’s simply evidence of the fact that lighting a lot of money on fire will eventually produce some heat. The underlying numbers suggest that Georgia’s subsidies are doing a poor job of generating economic growth or creating jobs.”<\/p>\n\n\n\n

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Georgia Taxpayers Lose $160,000 for Every Job Created by Film Tax Credits<\/a><\/blockquote>