Posted by Debra Worley - email
RALEIGH, NC (WECT) - Governor Bev Perdue signed North Carolina's film incentive bill Thursday morning in Raleigh.
"This legislation will help grow our $91 million motion picture industry, preserve and create thousands of jobs and increase investments in yet another emerging economic cluster," said Perdue in a statement. "Providing a strong foundation for North Carolina's film industry is essential as we work to build a strong and sustainable economy through increased diversification."
Senate Bill 943 was formed in effort to attract more film industry jobs to North Carolina.
Earlier this month, lawmakers in Raleigh voted to approve the bill that will increase the tax break incentives from 15 percent to 25 percent.
Industry insiders say the film incentive bill is needed to keep films from leaving North Carolina for other states with better offers.
"This incentive will help keep film production in North Carolina," said N.C. Commerce Secretary Keith Crisco in a statement. "It will be a major boost for the film industry and allow us to compete on a level playing field in a vital and growing global market."
For more information about the film industry in North Carolina, click here.