Jobs In 2013, the Film Tax Credit created 10,800 direct and indirect jobs.1
It also created 22,720 jobs that were linked to film and TV induced tourism.2
The above is a combined total of 33,520 jobs across all industries in Louisiana.3
In 2014, average annual earnings in the film industry were $61K. The US Census Bureau lists the average annual earnings in Louisiana as $41K.4
Film industry jobs have nearly doubled from 2010 to 2014.5
Spending In 2013 production spending generated $1.586 billion in Louisiana.6
Visitors spent $2.4 billion which was directly linked to film and tv induced tourism.7
The above combined total is $3.987 billion in statewide spending.8
In 2013, production spending and film industry tourism together generated state tax revenues of $95.1 million and local tax revenues of $85.9 million (a combined total of $181 million).9
1-3 Economic Impacts of the Louisiana Motion Picture Investor Tax Credit, HR&A Advisors, Inc., 2015
4 U.S. Census Report 2013 & LED Report, 2015
5 The Economic Impact of La. Entertainment Tax Credit Program (LED) Report, April 2015
6-9 Economic Impacts of the Louisiana Motion Picture Investor Tax Credit, HR&A Advisors, Inc., 2015
ECONOMIC IMPACT STUDIES
- LFEA commissioned HR&A Advisors, Inc. to conduct a statewide economic and fiscal impact analysis of the Louisiana State Motion Picture Investor Tax Credit.
- LFEA commissioned the LSU Public Policy Research Lab to poll the general public of their awareness and support of the Film Industry in Louisiana.
- Louisiana Economic Development commissioned economist, Loren Scott, to measure the economic impacts of Louisiana’s Entertainment Tax Credit Program.