This study analyzes the economic and fiscal impacts of the $80 million Texas Moving Image Industry Incentive Program. The incentive program was created to encourage companies, producers, and small businesses to choose Texas over other states when selecting sites for their film, television, commercial, and video game productions. An initial appropriation of $20 million was provided for the September 1, 2007—August 31, 2009 biennium. The initial incentive reimbursement rate, however, proved to be too low and uncompetitive compared to incentives offered by other state governments. In the 2009 legislative session, the program was augmented, creating a sliding scale for incentive grant reimbursements and appropriating $60 million for the biennium ending August 31, 2011. This study analyzes the economic and fiscal impacts of the $80 million spent and encumbered for approved projects between June 2007 and December 2010.
The report can be viewed as an Adobe Acrobat (PDF) file at: http://ic2.utexas.edu/miiip