TV And Film Production Contributes More Than Half A Billion Dollars To States’s Economy

by Staff Reporter / Aug 20, 2017 / comments

TV And Film Production Contributes More Than Half A Billion Dollars To States’s Economy

Staff Report

ALBUQUERQUE —New Mexico’s economy has been slow to recover from the global recession that began in 2008, but the growing film industry is breaking that trend. The State of New Mexico has announced that film and television production contributed more than half a billion dollars to New Mexico’s economy last year, shattering the previous record by more than $115 million.

The announcement marks the third straight record-shattering year for New Mexico’s film industry.

“From our talented workforce to our unmatched scenery and robust incentives, the choice is clear – New Mexico is the perfect place for film and television production,” Martinez said. “We’re proud of all our state has to offer, and pleased that our film industry helps us build on our momentum in growing and diversifying New Mexico’s economy.”

Film and television production contributed $505 million into New Mexico’s economy last year, according to data from the New Mexico Film Office. Sixty-one (61) major productions were in principal photography in New Mexico during FY17. The data shows that the industry continues to support more jobs, with over 448,304 worker days in FY17.

“New Mexico’s film and television industry is continuing to diversify our economy and create good jobs for New Mexicans,” said Economic Development Cabinet Secretary Matt Geisel. “New Mexico’s unique natural wonders, powerful incentives and incredible workforce are continuing to drive our state forward.”

The state also had 52 productions budgeted at more than $1 million each last fiscal year, with several written and directed by local New Mexico filmmakers. Studio features also continue to choose New Mexico to make their big budget and mid-range films. In FY17 alone, TV series and pilots produced in New Mexico included:

Better Call Saul, Season 3 (AMC), The Night Shift, Season 4, Midnight, Texas, Season 1 and The Brave, Season 1 (NBC), Longmire, Season 6 (Netflix), Graves, Season 2 (EPIX), The Girlfriend Experience, Season 2 (STARZ), Waco, Mini-Series (Paramount TV Network), The Ballad of Buster Scruggs (Netflix), Get Shorty, Season 1 (EPIX), Logan (Twenty Century Fox), Godless (Netflix), Woman Walks Ahead (Black Bicycle Entertainment, Bedford Falls, Potboiler), Hostiles (Yellow Hawk, Inc.), Scalped pilot (Horizon Scripted Television), Soldado (Black Label Media),t@gged Season 2 (Awesomeness TV/Dreamworks), Monster of God pilot (TNT), Mission Control pilot (CBS), Villa Capri (Broad Green Pictures, Endurance Media and Entertainment One), Cliffs of Freedom (Freedom Films, LLC), Horse Soldiers (Jerry Bruckheimer Films and Black Label Media) and others.

“NBCUniversal is grateful for the leadership Governor Martinez and her administration have shown in developing a production tax credit program that is a proven catalyst for direct investment in film and television production across New Mexico,” said Brian O'Leary, senior vice president and tax counsel for NBCUniversal. “The stability of the tax credit program, an expanding and increasingly skilled local workforce and best in class industry support from the New Mexico film office are just some of the critical elements that have led to a thriving industry cluster in New Mexico.”

Today’s announcement follows a recent U.S. Department of Commerce report that shows New Mexico is a leader in economic growth, with the third-highest rate of GDP growth in the nation so far this year. New Mexico also recently saw its largest private-sector job growth in more than a decade, with nearly 19,000 new private-sector jobs since this time last year.

Although when first elected Gov. Martinez was reportedly slow to embrace the film industry, in 2013 the Legislature passed and  Gov. Martinez signed an expansion of the New Mexico’s film incentive program as part of a tax reform package. Among other things, this legislation increased the incentive rate for qualifying productions.

“Continued growth in the industry means not only dollars into the economy, but also more employment opportunities for New Mexicans,” said New Mexico State Film Office Director Nick Maniatis. “This is the diversity the New Mexico economy needs and we are proud of the hard work and dedication our citizens have provided to build the industry in our state.”

The New Mexico State Film Office, a division of the Economic Development Department, serves the film industry locally, nationally, and internationally and assists productions through the state’s robust incentive program to help create more jobs for New Mexicans. For more information, visithttp://www.nmfilm.com.