Commerce secretary says film incentives necessary to compete - WECT TV6-WECT.com:News, weather & sports Wilmington, NC

N.C. commerce secretary says film incentives necessary to compete

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The state's film incentives will expire at the end of 2014 unless the General Assembly extends them. The state's film incentives will expire at the end of 2014 unless the General Assembly extends them.
© N.C. Secretary of Commerce Sharon Decker says incentives are required to compete in film industry. © N.C. Secretary of Commerce Sharon Decker says incentives are required to compete in film industry.
House Speaker Thom Tillis said he believes lawmakers will extend the film incentives next year. House Speaker Thom Tillis said he believes lawmakers will extend the film incentives next year.

WILMINGTON, NC (WECT) – N.C. Secretary of Commerce Sharon Decker, the state's top business recruiter, wants to grow the film industry, but it will require incentives, she said in an interview Tuesday.

"It's important to us to keep those creative resources in the state," she said. "Being such a beautiful state, we have a tremendous opportunity to grow that industry." 

North Carolina offers a 25 percent refundable tax credit to attract films. The incentives will expire at the end of 2014 unless the General Assembly extends them. 

This summer, Hollywood lobbyists sent a letter to Decker and lawmakers urging them to take action.  

The Motion Picture Association of America warned that tens of thousands of jobs and hundreds of millions of dollars in economic development is on the line.  

Decker said the state is examining all of its incentive and investment programs as part of a 10-year economic development planning process.  

She wouldn't say if she thought the General Assembly would take action on film incentives. 

During a stop in New Hanover County on Saturday, House Speaker Thom Tillis said he believes lawmakers will extend the film program when they head back to Raleigh next year for the short session. 

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