N.Y. Governor Wants to Increase TV, Film Production Credits
New York Gov. Kathy Hochul spoke at the Paley Center for Media in Manhattan September 12 and shared plans to increase the state’s role in TV and film production, and artificial intelligence. She touched on expanding the state’s “very generous” production tax credits “so we don’t lose business to New Jersey, to Georgia, to Toronto, to London.”
Hochul stressed how New York has a share of creative talent that the other locales may envy. “All the talent wants to be here … but they will go where the show goes,” she said.
She spoke of increasing tax credits in 2023 from $420 million to $750 million, and noted how “we’re gonna make that even better.”
Hochul added, “We have the talent, and we have the diversity of talent, which is so important.”
The governor was interviewed by Sade Baderinwa, WABC New York anchor. It was a Paley Media Council address. Baderinwa asked what a half dozen new studio projects in the works means for TV and film production in the New York area.
“Success breeds success,” Hochul responded . “We have more productions here. [Producers] see it and they want to be where the action is.”
Hochul, a Democrat, said the New York metro represents the best of the best in a range of departments, such as finance. But “what sets us apart is really our creative talent,” she said.
She added, “It’s a cool place to live, and I’m always trying to up the cool factor.”
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