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Position | Statewide: N.C. Banking |
The film industry spent more than $241 million in the state in 2014, according to an annual report released by the N.C. Department of Revenue. More than half the spending--$137 million--involved productions shot in the Wilmington area, including Brunswick, New Hanover and Pender counties. Projects, which include movies, TV shows and commercials, were eligible to receive more than $60 million from the state's now-diminished film-incentive program, which offered a 25% tax credit for qualifying expenses. Last year's biggest production, Fox Television's Sleepy Hollow, got $10.9 million in tax credits. The revamped film-grant program, which began in January, caps the state's total incentives payout at $10 million, with a $5 million limit per project. Sleepy Hollow, Banshee and Homeland have moved production out of North Carolina.
2014 spending by the top five film productions
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Sleepy Hollow, Twentieth Century Fox...
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