FILM INCENTIVES FUEL ECONOMIC BOOM IN OKLAHOMA, REPORT SHOWS
Oklahoma’s film and TV industry is having a significant impact on the state’s economy, generating revenue and creating jobs, according to a recently released report. For every dollar in incentives, the state sees $0.90 returned in tax revenue, and production companies spend a minimum of $3.33 on qualified expenses in Oklahoma. The results of the new economic impact study confirms what our industry is witnessing. The Filmed in Oklahoma Act of 2021 is producing very positive returns for our local companies and crew, our city, and the State of Oklahoma. The Oklahoma City Film Incentive Program launched in early 2023, can be stacked with the state program, and was instrumental in securing the production of “Twisters.” The $1 million Oklahoma City film rebate paid to “Twisters” generated over $60 million in direct expenditures in Oklahoma City alone. The rebate is also doing its job in supporting independent producers and storytellers that are working in the lower budget space. Six of the seven films prequalified to date are budgeted at $8 million or less, with some budgeted well below $1 million. We are definitely on the industry’s radar. Two years ago, the Oklahoma City Film and Creative Industries Office was established in partnership with the Greater Oklahoma City Chamber. The office has played a key role in attracting both major and independent
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