Created: 07/22/2014 1:21 PM
By: The Associated Press
SANTA FE, N.M. (AP) - A state-commissioned study finds that one job was created for every $8,519 that New Mexico spent on tax incentives to attract film and television productions over nearly five years.
The study released Tuesday by the state Film Office said New Mexico is viewed favorably in the film and TV industry because of the tax incentives and other factors, including diverse landscapes and available film crews.
Film Office Director Nick Maniatis said the independent report shows the important and positive role the film industry plays in New Mexico.
The study by a Canadian consulting firm found that film and TV production generated $1.5 billion in direct and indirect economic output from mid-2009 through earlier this year.
Production spending created nearly 15,900 full-time jobs, and generated nearly $104 million in taxes.
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