Saturday, August 16, 2014

LA City Councilmember Paul Krekorian, Author of Original Film and TV Incentive Bill, Joins Mayor Garcetti Urging Sacramento to Expand the Credit

Congratulating LA Mayor Eric Garcetti on his initiative to get Gov. Brown's support for an expanded California film and TV production incentive, LA City Councilmember Paul Krekorian said:
 
"Passing an expanded film and TV production incentive should be our state's top priority. I applaud Mayor Garcetti for bringing city leaders to Sacramento today to help make this happen."
 
Krekorian continued, "As the author of the original 2009 incentive, I know how much an expanded incentive will do for our homegrown film industry. Since 2009, the incentive has created $4.3 billion in direct spending and supported 22,300 good California jobs. But we have to keep up with the other states and countries that are offering more generous packages and taking production away. I urge Gov. Brown to listen to Mayor Garcetti and the chorus of lawmakers and industry leaders who support this bill."
 
Krekorian's 2009 incentive granted $100 million per year for qualified productions.
 
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Los Angeles City Councilmember Paul Krekorian, chairman of the Budget and Finance Committee, represents Council District 2, which includes the east San Fernando Valley. He is also one of two LA Councilmembers on the Metro Board of Directors. His website is cd2.lacity.org, where you can sign up for news updates. Visit him on Twitter (@PaulKrekorian) or Facebook.

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