3 ms·
More likely it's tax incentives. For example: Betsy Steinberg, managing director of the Illinois Film Office, acknowledges the cold financial calculations that
by grzm 10y ago
More likely it's tax incentives. For example:
Betsy Steinberg, managing director of the Illinois Film Office, acknowledges the cold financial calculations that go into site selection and the increasingly cutthroat competition: "Without a competitive tax credit, we'd be seeing very little business."
...
Paramount Pictures' "Transformers 3," which likely will spend at least $20 million during its six-week shoot here this summer, could qualify for a tax credit of at least $6 million, which it can use or sell, effectively cutting its local filming budget.
http://articles.chicagotribune.com/2010-07-27/business/ct-biz-0728-film-costs--20100727_1_tax-credit-film-finance-betsy-steinberg http://articles.chicagotribune.com/2010-07-27/business/ct-bi...