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Film Florida - DRAFT Priorities & Recommendations 20132014 Fund Statewide Leadership Organization for the Industry - September 2013

Film Florida - DRAFT Priorities & Recommendations 20132014 Fund Statewide Leadership Organization for the Industry - September 2013

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Published by Integrity Florida
Film Florida - DRAFT Priorities & Recommendations 20132014 Fund Statewide Leadership Organization for the Industry - September 2013
Film Florida - DRAFT Priorities & Recommendations 20132014 Fund Statewide Leadership Organization for the Industry - September 2013

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Published by: Integrity Florida on Feb 14, 2014
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02/14/2014

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09/18/2013
DRAFT
** Please note that this is a draft document - a “work-in-progress” so to speak. The ideas contained in this document are presented for discussion and vetting purposes and do not necessarily reflect the opinion or position of Film Florida and/or its Board of Director’s at this point in time **
LEGISLATIVE PRIORITIES & RECOMMENDATIONS FOR FLORIDA’S ENTERTAINMENT INDUSTRY FINANCIAL INCENTIVE PROGRAM
PRIORITY #1Provide adequate funding for the program.
Many of our direct competitor states (i.e. Georgia, Louisiana) offer unlimited funding for their incentive program. Industry stakeholders realize that there may be a number of obstacles prohibiting Florida from doing the same, but we feel it is of the utmost importance to find a way to adequately fund the Entertainment Industry Tax incentive program.There are many diverse entertainment industry sectors that can potentially qualify for tax incentive dollars under the Florida Entertainment Industry Tax Incentive program, none of which can create a successful and vibrant entertainment industry cluster all on their own.We would like to alleviate the need for one industry sector to compete with another industry sector. In fact, we feel it is imperative to the successful growth and sustainability of our developing entertainment production industry clusters that we work to find a way to fully fund the program so that all sectors of the industry are empowered to create the maximum amount of jobs and bring the most “new” money to our State as possible.To stay competitive in the entertainment production industries, it is of the utmost importance that this program receive adequate funding - it is the cornerstone element necessary to cultivate and grow this 21st-century industry cluster throughout the State. Without funding we will not even “be in the game”.In 2010 Georgia offered $140 million in tax credits generating over $617 million.In 2010 Louisiana offered $202 million in tax credits generating over $1 billion in output.
** Please note that this is a draft document - a “work-in-progress” so to speak. The ideas contained in this document are presented for discussion and vetting purposes and do not necessarily reflect the opinion or position of Film Florida and/or its Board of Director’s at this point in time **
v1 09/18/2013 - DRAFT page 1 of 13
 
PRIORITY #2Increase Florida’s long-term commitment to the program.
Whether you are speaking with a film producer, a television producer, a game development company or an app developer, the one thing our clients have in common is the need for consistency. If there is uncertainty regarding the future of a state’s tax credit program, producers throughout every sector of the entertainment industry will choose to take their projects elsewhere.Industry stakeholders would like to work with decision-makers to begin to look for solutions to offer our clients and developing businesses the consistency and security that they require to base and bring their projects here – not just in the short-term, but with the hopes of building a long-term relationship that will develop a pipeline for content production, and “and bricks and mortar” development, in our state, not only for the immediate future, but for the next decade and possibly even the next century as well.
** Please note that this is a draft document - a “work-in-progress” so to speak. The ideas contained in this document are presented for discussion and vetting purposes and do not necessarily reflect the opinion or position of Film Florida and/or its Board of Director’s at this point in time **
v1 09/18/2013 - DRAFT page 2 of 13
 
PRIORITY #3Fund statewide leadership organization for the industry.
The Florida Entertainment Industry Financial Incentive Program is a potent economic development incentive which creates conditions that make job growth more likely in an industry that is a significant part of Florida’s current and future, economic roadmap.The Office of Film & Entertainment (OFE) is responsible for administering the Florida Entertainment Industry Financial Incentive Program; OFE staff is also responsible for identifying potential clients interested in filming their projects in the Sunshine State and marketing our state as a location destination for film and entertainment project to clients throughout the world.Since FY2007/2008, funding for the Florida Entertainment Industry Financial Incentive Program has increased dramatically, proportionally increasing the amount of administration and oversight necessary to maintain the integrity of the program, yet OFE’s operating budget has been consistently slashed.In order to continue to reap the rewards, it is imperative that the state maintain its commitment to properly monitoring, marketing and administering this successful program; in addition there must be an organization that provides a leadership role in working with both the public and private sectors throughout the State to better address the challenges and seize the opportunities presented in OFE’s 5-Year Strategic Pan for the Entertainment Industry.
** Please note that this is a draft document - a “work-in-progress” so to speak. The ideas contained in this document are presented for discussion and vetting purposes and do not necessarily reflect the opinion or position of Film Florida and/or its Board of Director’s at this point in time **
v1 09/18/2013 - DRAFT page 3 of 13

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