Since productions have come to Ohio because of the credit ("Draft Day" would have been in Buffalo without it), this is good news for the economy and film fans. The official word from the Greater Cleveland Film Commission:



The Greater Cleveland Film Commission (GCFC) is excited to announce that Ohio Governor John Kasich has signed into law a revised Ohio Motion Picture Tax Credit, passed last month by the Ohio General Assembly, which raises the annual incentive cap to $40 million, removes the $5 million per project cap, and changes the incentive rate to a flat 30% on all production dollars spent in Ohio.



"The changes to Ohio's incentive will help us bring thousands more jobs, and hundreds of millions of dollars to the state, and is one more step toward making us more competitive with other states that are leaders in media production like Georgia and Louisiana," said GCFC President Ivan Schwarz. "We are grateful to Governor Kasich, the Ohio House, and the Ohio Senate for giving us this opportunity to continue to grow a thriving and adaptive media industry in Northeast Ohio. I'd also like to thank Speaker Cliff Rosenberger, Rep. Kirk Schuring, and Sen. Tom Patton, who have championed this legislation, and know just how much a sustainable media industry can benefit Ohio."



The changes to the Ohio Motion Picture Tax Credit are the latest in a line of recent successes for Northeast Ohio's media industry. In April, officials from the State of Ohio and Cleveland State University announced $7.5 million in funding for a new School of Film, Television, and Interactive Media, Ohio's first standalone school of the sort. On June 10, second unit shooting wrapped in Cleveland for Universal's "Fast 8", which was expected to create more than 380 direct jobs for Ohioans, book almost 9,000 hotel room nights and engage over 200 Ohio businesses for a range of goods and services.



An economic impact study prepared by Cleveland State University in June 2015 reported that since July 2011, the Ohio Motion Picture Tax Credit has accounted for the creation of the equivalent of 1,729 full-time jobs, over $400 million of total economic impact, and a return on investment of $2.01 (for every $1 spent by the state through the incentive, $2.01 went into the state's economy). Since 2009, over 65 productions have shot in Northeast Ohio, and in the last two years examined by the study, 71% of all Ohio production dollars were spent in Northeast Ohio.



The Greater Cleveland Film Commission is the only 501(c)(3) non-profit organization committed to fostering economic development in Northeast Ohio by attracting media production and businesses that can make a significant economic impact on the local economy, advocating for continued support of the Ohio Motion Picture Tax Credit and other public policies that promote and support media production and developing our local workforce by providing programs designed to provide local talent with the training, experience and professional connections to enable them to succeed in the film industry.





MISSION

Promote the increase of media production in Northeast Ohio using effective strategies for attraction and workforce development including building an artistic infrastructure through film.





VISION

Achieve increased economic development in Northeast Ohio by using the artistic and culturally enriching activities of film and other media production to strengthen the workforce, support the media production industry and attract media production to the region.