TAB Endorses Incentives for Film, TV and Advertising
Nov 26, 2012 | 1185 views | 0 0 comments | 1111 1111 recommendations | email to a friend | print
TAB Endorses Incentives for Film, TV and Advertising

Hammond: Enhanced incentives are good for Texas

Austin, TX – The Texas Association of Business strongly supports enhanced funding for the Texas Moving Images Industry Incentive Program in Texas, and will actively work for that enhancement during the 2013 Legislative Session.

“As a business owner in a free-market business climate, it’s your competitors that set your price. And right now, Texas is losing business to its competitors,” said TAB President and CEO Bill Hammond to members of the Joint Select Committee on Economic Development on November 8th. “While Texas’ low cost of doing business and our abundant high-tech workers are certainly a draw for the film industry, Texas needs to step-up its game in an effort to be the price-setters among our other competing states.”

Incentives distributed through the Texas Moving Image Industry Incentive Program are vital in regards to creating jobs, increasing both direct and indirect spending in the state, and enhancing economic development in different regions of the state. “At best, it’s a “put-up or shut-up” situation and Texas must put-up to remain competitive,” says Hammond.

Not only will bringing more productions to Texas bring jobs, it also creates the opportunities to showcase Texas.

Featuring Texas in films and television shows, etc., can have far reaching effects on the economy, even beyond the jobs those actual productions create. “Those in the moving images industry can portray Texas as a great place to do business and to visit, which will increase tourism and mean more tourist dollars and hotel nights.”

Texas has had production incentives for a long time, but Hammond said that Texas cannot ignore the competition. “Like it or not, there is incredible competition for these projects from our neighboring states. The simple fact is if Texas doesn’t provide these incentives then the projects, jobs and dollars will go somewhere else.”

Hammond said this is an economic development tool that Texas cannot afford to lose. “If you want the business you have to compete. If you don’t complete, you won’t get the business.”

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Founded in 1922, the Texas Association of Business is a broad-based, bipartisan organization representing more than 3,000 small and large Texas employers and 200 local chambers of commerce.
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