Reports conflict on impact of NC film incentives

Jan. 21, 2014 @ 04:26 PM

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.