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Michigan’s production incentive got a measured vote of confidence last week in the form of a $50 million allotment in the state’s 2015 budget, keeping incentive spending on par with the previous two years. That’s up from the $25 million cap that had been applied by Governor Rick Snyder in 2011, much to the chagrin of the local film community.
A recent article in the Detroit Free Press, which quotes Media Services production incentives expert Verlette Franck, details the delicate state of affairs for Michigan’s incentive plan going forward. The tax credit which lured such big-ticket projects as the upcoming Batman v. Superman: Dawn of Justice will face a new hurdle when its biggest advocate, Senate Majority Leader Randy Richardville (R-Monroe) leaves the state legislature at the end of the year due to term limits.
“The fact that now they have $50 million per fiscal year and it’s really easy to apply for the Michigan incentives, I definitely think it’s increased the state’s competitiveness,” said Franck when consulted for the article.
For more information about incentives for Michigan or other U.S. states, you can contact Franck at 310 471 9326 or [email protected].