• The tax incentives for entertainment production in California suck. Hollywood was driven out by inexperienced business leadership, costing everyone jobs and opportunities.

• Assembly Bill 1138, signed by Governor Gavin Newsom, raised the maximum entertainment incentive from $330 million to $750 million.
• But it still doesn't come close to luring runaway production back from our competition. Georgia currently has the most film production. They offer $1.3 billion. And New York gives $700 million. Our incentives are laughable.

• The math is simple: Georgia has a $704 billion GDP, and it gives away $1.3 billion in tax incentives. California has a $4.1 TRILLION GDP. How does $750 million make sense?
• Based on our current GDP, a $2 billion investment can generate an additional $40 billion in GDP. How? When people in California make more money, they spend more money. One dollar spent in the economy doesn't just stop there; it keeps going, creating more dollars as it gets re-spent. That's called the multiplier effect. A $2 billion investment in entertainment can easily generate 20 times that amount in economic activity for every dollar spent, with a lot of runway to expand this. That means more production and paychecks, more affordable housing, and more people coming to California to live, work, and vacation—making California more Affordable, Livable, and Workable. The return on investment is a no-brainer!

OPEN CALIFORNIA FOR BUSINESS!

It’s not just a tax credit—it’s an investment in California.

#MakeHollywoodHollywood