tax incentives http://wfae.org en Are NC Film Incentives Worth It? Part 2: Running The Numbers http://wfae.org/post/are-nc-film-incentives-worth-it-part-2-running-numbers <p><span style="line-height: 1.5;">The curtain is poised to come crashing down on North Carolina’s film incentive.</span></p><p>Wednesday, the House Finance Committee adopted a plan which would slash the amount a production company could receive, from $20 million to five million.</p><p> Thu, 12 Jun 2014 04:11:10 +0000 Tom Bullock 52741 at http://wfae.org Are NC Film Incentives Worth It? Part 2: Running The Numbers Are NC Film Incentives Worth It? Part 1: How They Work http://wfae.org/post/are-nc-film-incentives-worth-it-part-1-how-they-work <p></p><p>For the past seven years North Carolina has been aggressively trying to lure movie and television shows to film in the state. Their bait? Tax dollars.</p><p><span style="line-height: 1.5;">Since the program began it has been hugely successful.&nbsp;</span><span style="line-height: 1.5;">But the film incentive program is controversial.&nbsp;</span><span style="line-height: 1.5;">In Raleigh there is a movement to change the program or let it sunset at the end of this year.</span></p><p><span style="line-height: 1.5;">This week, we take&nbsp;</span><span style="line-height: 1.5;">a closer look at the incentives program and proposals to change it. This report looks at how the system works and how much money just one TV show spends in the state.</span></p><p></p><p> Wed, 11 Jun 2014 13:35:42 +0000 Tom Bullock 52655 at http://wfae.org Are NC Film Incentives Worth It? Part 1: How They Work Film Industry Spending Dips Slightly, State Reports http://wfae.org/post/film-industry-spending-dips-slightly-state-reports <p>The film industry contributed $250 million in direct spending to the North Carolina economy this year, a dip from last year, according to a new estimate from the North Carolina Film Office.</p><p></p><p><span style="line-height: 1.5;">The 2013 estimate would be about one-sixth less than the state’s more than $300 million record haul from the film industry last year. The director of the North Carolina Film Office points to a primary reason for the dip: Iron Man 3, the biggest blockbuster the state’s ever had, filmed last year.</span></p> Tue, 17 Dec 2013 22:43:44 +0000 Ben Bradford 41338 at http://wfae.org Improving Economy In Lincoln County Means Less State Money To Lure New Companies http://wfae.org/post/improving-economy-lincoln-county-means-less-state-money-lure-new-companies <p>Lincoln County’s economy is improving. Unemployment is down and incomes are up. But, that prosperity also means less state money can go toward luring new jobs.&nbsp;WFAE’s&nbsp;Duncan&nbsp;McFadyen&nbsp;explains.</p><p> Thu, 12 Dec 2013 16:39:31 +0000 Duncan McFadyen 40950 at http://wfae.org Improving Economy In Lincoln County Means Less State Money To Lure New Companies NC Film Industry And Incentives http://wfae.org/post/nc-film-industry-and-incentives <p><span style="line-height: 1.5;">Several years ago North Carolina lawmakers introduced a large tax incentive package that they hoped would lure the movie industry back to the state. By any anecdotal measure the incentive is a huge hit. Charlotte is home to several national shows and the region and state have seen some of the largest films in Hollywood come here for production. Millions and millions are spent in the state but critics say the numbers are not what they seem. So is the booming film industry in our state worth the incentive? We'll&nbsp;examine that question&nbsp;and look at a rapidly growing independent film industry in our state,&nbsp;when Charlotte Talks.</span></p><p> Mon, 01 Jul 2013 04:00:00 +0000 30322 at http://wfae.org NC Film Industry And Incentives Incentives That Landed Iron Man 3 Production Under Legislative Review http://wfae.org/post/incentives-landed-iron-man-3-production-under-legislative-review <p>Iron Man 3 – one of the most expensive films to ever come out of North Carolina – hit theaters Friday. It received $20 million in state incentives and lawmakers are now <a href="http://www.ncleg.net/gascripts/BillLookUp/BillLookUp.pl?Session=2013&amp;BillID=H994&amp;submitButton=Go">debating a bill</a> that would remove the state's film tax credit – the same credit that brought the Iron Man 3 production to the state.</p><p></p><p> Sat, 04 May 2013 00:27:37 +0000 Tasnim Shamma 26593 at http://wfae.org Incentives That Landed Iron Man 3 Production Under Legislative Review Panthers Get $87.5M Public Money For Stadium http://wfae.org/post/panthers-get-875m-public-money-stadium <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>Charlotte taxpayers will pick up nearly two-thirds of the $147 million tab to renovate and maintain Bank of America Stadium.</p><p>The Charlotte City Council voted unanimously Monday night to give the Panthers $87.5 million it will collect through a tax on prepared food over the next 10 years.&nbsp;</p> Tue, 23 Apr 2013 13:28:07 +0000 Julie Rose 25796 at http://wfae.org Panthers Get $87.5M Public Money For Stadium Veteran Journalists Challenge City's Secret Meetings With Panthers http://wfae.org/post/veteran-journalists-challenge-citys-secret-meetings-panthers <div><p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>A group of former Charlotte reporters from the 1970s are taking the city to court over its decision to negotiate behind closed doors for tax money to renovate Panthers' stadium.&nbsp;</p><p></p><p><span style="line-height: 1.5;">These same journalists </span>and <span style="line-height: 1.5;">their lawyer sued the city for violating the state open meetings law in the early 19</span>70's<span style="line-height: 1.5;"> – and won. As a result, Superior Court Judge Frank </span>Snepp<span style="line-height: 1.5;"> placed the city under a permanent injunction against breaking the law.</span></p> Wed, 03 Apr 2013 13:34:46 +0000 Julie Rose 24497 at http://wfae.org Veteran Journalists Challenge City's Secret Meetings With Panthers McCrory: No Upfront Cash To Lure New Business to NC http://wfae.org/post/mccrory-no-upfront-cash-lure-new-business-nc <p>Gubernatorial candidates Pat McCrory and Walter Dalton addressed the role of economic incentives in attracting new jobs to North Carolina during their first debate Wednesday night.&nbsp; Democratic Lieutenant Governor Dalton says he doesn't like giving tax breaks and cash to lure businesses, but we have to offer incentives since other states do.</p> Thu, 04 Oct 2012 13:30:41 +0000 Julie Rose 13125 at http://wfae.org