The Seattle Metro Chamber expressed its strong support for increasing the funding available to the state’s Motion Picture Competitiveness Program in a letter sent to Seattle-area legislators on Thursday.
The program encourages film production in Washington state by providing B&O tax credits, and since its inception in 2007, it has brought $96.3 million in direct spending to the state’s economy and created more than 14,000 jobs for Washington workers.
The Washington State Legislature is currently considering a bill, SB 6027, that would expand the program and extend its expiration date from 2017 to 2022. The Senate Ways and Means Committee held a hearing on the bill in late March, but has not taken a vote on it yet.
In its letter, the Chamber points out that the incentive program helps train and educate individuals in lucrative and marketable fields, which grows the pool of skilled workers and makes the state more attractive to new employers in the film industry.
The Chamber also notes, “Film production and the incentives that drive it help to create a robust and diverse economy, and as an organization of employers who are invested in the Puget Sound region’s growth and success, we see the importance of expanding this program and helping Washington’s film production industry grow. From lumberyards to catering and from retail shops to rental cars, motion picture productions spend money directly with a diversity of businesses in every sector of our local economy. For every dollar invested in film, there are ten dollars of economic boost for our communities, this high return on investment is a signal that increased funds would not be ill-spent.”
The passage of this bill would also boost Washington’s brand, as film and motion pictures are an effective means of communicating about our state on a global scale.
For more information about the Chamber's state-level advocacy, please contact George Allen, the Chamber's senior vice president of government relations.
Join more than 150 businesses in supporting this legislation: add your company to the business letter of support.