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Louisiana Film Tax Credits Create Needed Economic Punch

April 21st, 2022

Louisiana has always has a unique mix of unique culture, great food and wonderful history. But in recent years the state has thrown financial incentives into the “gumbo” as well. These film tax credits have provided the “spice” that has propelled Louisiana to one of the top filming spots in the world.

According to state officials, 2008 film production in Louisiana has already outperformed 2007 figures both in terms of total dollars and number of projects. The news couldn’t come at a better time for Louisiana – a state that has worked hard to find ways to replace the losses in tourism that has hurt the state in the post-Hurricane Katrina era.

Some key facts about Louisiana’s film industry:

* More than $2 billion in productions have been filmed in Louisiana since 2002

* The total direct impact to Louisiana’s economy is $1.48 billion

* The percentage of film budgets spent in Louisiana has risen from 33% in 2005 to 87% for 2007

* Film-related jobs in Louisiana have grown at a rate of 23% per year

* Over 50 projects were completed in 2007 statewide

* An estimated 65 projects will be completed in 2008

Source: Louisiana Film Office

Success of Key Tax Incentives

The film industry sat up and took notice in 2002 when the Louisiana State Legislature enacted an aggressive film tax incentive program. Louisiana’s film investor tax credit program offers out of state production companies a tax credit equal to 25% of their spending in Louisiana during film production. The labor tax credit offers an additional 10% tax credit based on the amount of Louisiana labor employed during the production.

So what has been the impact of these film tax incentives? Without question the lure of tax credits has helped grow the entire film industry in the state. From private investments to sound stage and studios – the impact is being seen all over the state. Many local colleges and universities have already added specialized training programs to satisfy the growing workforce demands

Music and Television Productions

In addition to studio film productions Louisiana’s tax credits have drawn in music and television shows such as:

* Disney’s “Imagination Movers”

* “Fox’s “K-ville” shot its first year’s pilot program at some of New Orleans more popular tourist settings last fall.

* The Subway “Odd Couple” commercial staring New Orleans Saints star Reggie.

* Warbirds, a Sci-Fi channel original movie was shot in the Baton Rouge area and recently made its worldwide television premier.

Key Infrastructure Developments

Not to be overlooked in the success of this young industry is the 40% infrastructure tax credit which has encouraged the development of much needed production support facilities. These new facilities allow film production studios to conduct more of their work in the state thus maximizing their “Louisiana spend.”

How Your Business Is Perceived By Using Reputation Management

March 18th, 2022

Is it true that you are keen on finding out about dealing with your standing? Have you been searching for accommodating and solid data? Indeed, this article will ensure you get a few strong ideas. It will assist you with sorting out some way to more readily deal with your standing.

Posting data via online media locales is essential to your business’ standing. You should post a few times each week at any rate to actually run an advertising effort. Assuming you see that posting via online media locales is overpowering, consider recruiting an aide to make your posts for you.

At the point when individuals invest in some opportunity to offer something about your business, it is vital that you are sufficiently gracious to answer. While you might be an extremely bustling individual, it shows your crowd that you really care about them and what they need to say. This is imperative to keep a consistent client base.

At the point when you talk with your crowd, ensure that you do as such in a conversational tone. Individuals try to avoid the possibility of entrepreneurs continuously addressing them with promoting to them. While you would like to make a deal, you ought to never cause a client to feel like this is your main concern.

Be grateful. Assuming somebody leaves a decent audit about your organization, send them an individual message and express gratitude toward them for their criticism. On the off chance that conceivable, send your client a coupon for a specific percent off on their next buy as a much obliged. In the event that this is preposterous, earnestly say thanks to them for their input.

Assuming you will utilize anybody’s thoughts, you ought to constantly make a point to give them credit for that. Everybody out there can advance a little from others, so giving due credit will show individuals that you don’t think you are over that. This is an extraordinary method for getting their appreciation.