NYC production spending surges past New Jersey, closes in on California
Deadline’s Jill Goldsmith reports that New York production spend rose 87% to $1.61 billion in the third quarter per ProdPro, outpacing every other U.S. state and trailing only California’s $1.76 billion.
Why it matters. Producers now get faster access to New York’s tax credits, since the state moved to pay out the full credit in the first year instead of over three.
Signal from deadline.com · Jill Goldsmith · read the original.
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