The Paterson Film & Entertainment Commission has announced a unique tax incentive program for women and minority-led productions. Paterson Film & Entertainment Commission strives to facilitate the needs of the film and entertainment industries. It also aims to stimulate the economic growth of New Jersey. This program is part of a bipartisan effort by the state to incentivize filmmakers and entertainment industry professionals.
Diversifying the film industry
The Commission encourages women and minority-led productions, in particular, to apply for the additional 2% Diversity Tax Credit. Above all, the primary objective is to stimulate job growth. It will do this by encouraging film productions to employ the services of women and minority persons. The structure of this program seeks to further ensure equal employment opportunities for key creative positions and all other production crew.
View the full criteria and an application for the program here.
“We couldn’t be happier that New Jersey is offering these credits to these amazing productions,” said Jerry Nardella, Esq. Nardella is the Paterson Film & Entertainment Commission’s steering committee chair. He has participated in some of the Commission’s most ambitious plans. This includes, most recently, helping to provide location services to Steven Spielberg’s upcoming production of “West Side Story.”
The announcement of these available tax credits comes hot on the heels of the announcement of the engineering, design and development of a state-of-the-art multi-platform facility tentatively called the Streaming Stage Media Complex. The multi-acre complex will chiefly serve as a place to produce films, TV shows, streaming shows, video games and live media. It will use the latest technology for production, post-, high-density virtual studios and special effects.
Turner Engineering, Inc.
(TEI) — a company that has provided technical design and development services to such clients as ABC, Walt Disney World, and ESPN for more than 50 years — will lead the development of the facility.
“The Streaming Stage Media Complex, conveniently located near the burgeoning New York City production community, will bring film production back to the Garden State with epic technical capabilities,” said John Turner, CEO & Principal Engineer of TEI.