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January 31, 2005
Big gains for the NYC film industry
Posted by Dominic Basulto
Thanks to a new 5% city tax concession, the NYC film industry could be headed for a mini-boom in 2005, according to Crain's New York. The city tax concession, combined with a state tax credit granted last fall, means that New York is now competitive with places in Europe and Canada -- with the result that new films will be calling New York City home soon. Two major feature films --The Producers and The Departed (a Martin Scorsese movie) -- have already signed on to begin production soon.
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