Reports conflict on impact of NC film incentives
There are conflicting views in two reports on the impact of film incentives on the North Carolina economy.
The StarNews of Wilmington reports a study commissioned by the Wilmington Regional Film Commission and other agencies shows the industry means an economic impact of upward to $10 million for the Cape Fear area.
But a report by the state Department of Commerce's Labor & Economic Analysis Division offers a contrasting view.
That study shows that an estimated 4,000 jobs were created by the film industry in 2012, but those jobs cost state taxpayers about $18,500 each.
The study found that while the industry had a $400 million impact statewide, the state's general fund lost more than $60 million on the tax credit.