Demerit: For the stunningly rapid decline – and perhaps near-demise – of North Carolina’s film industry, which was thriving as recently as last year. The General Assembly’s shutdown of an incentive program, and substitution of a $10-million-a-year grant program, has sent filmmakers running to other states – most notably to Georgia, which offers the kinds of incentives North Carolina once had. The incentives brought back many times more than they cost, providing jobs for thousands of people and putting hundreds of millions into the state economy.
The industry’s pullback is especially devastating to a city like Wilmington, where major studios built the largest film studios east of California. The incentive program’s loss is a costly legislative mistake that needs to be corrected.
By Editor of Fayetteville Observer Newspaper