Los Angeles’ new
mayor has vowed to help stanch the flow of film and TV production jobs out of
Hollywood, starting with the appointment of a film czar at City Hall. But to
make a real difference, Eric Garcetti needs to convince skeptical
state pols to combat the lure of rich tax incentives from outside California……ToRead More….
My Take - Personally....I think the whole bunch of them
are nuts, including these governors and legislatures that are doing everything
in their power to entice movie production to their states. Cleveland has been
the recipient of a few of these in the last few years, and just this year they
tied up big chunks of Cleveland's streets filming a Captain America sequel for
a couple of weeks and then.....left! Was it worth it? I don't think so because all
these incentives are nothing more than the government forcing the citizenry to
fund movie makers in return for a small short term gain.
I would rather
have one factory open in Cleveland – one that would be pouring money into Ohio’s
economic base daily, weekly, monthly and yearly generating opportunities for
other businesses. Companies are created
where the tax and regulatory climate is favorable to business. Instead, what do they do? They create a temporary tax and regulatory
shelter that will not be of any long term financial help to the people of Cleveland
or Ohio.
I especially resent it when government creates incentives
to keep businesses in Ohio as Governor Kasich did to keep American Greetings,
Diebold, Bob Evans here in Ohio. In the
real world the overall business climate is the Petri dish for new growth, not
individualized special privileges to a select few. By giving these companies these breaks they
are in effect forcing their competition to fund them. I think that’s outrageous.
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