JOBS: Over a five year period (fiscal years 2010 - 2015), the film industry created over 16,000 direct and indirect full-time equivalent jobs in New Mexico.*
BUSINESS GROWTH: Data from the New Mexico Film Office shows film and television productions contributed $505 million to the state's economy last year. That included 61 major productions.
NEW TAX DOLLARS: Every $10M spent in the region generates over $150K in local taxes.**
OPPORTUNITIES FOR ENTREPRENEURS: From mobile coffee carts to on-set massage therapists, the film industry has created opportunities for entrepreneurs, as well as new avenues for small businesses.
PATHWAYS FOR FILM STUDENTS: The film industry has an enormous potential to retain New Mexico film students and contribute significantly to our younger demographic and creative economy.
FRESH AVENUES FOR FILM-INDUCED TOURISM: For a successful film that prominently features a region's tourism assets, a $10M film has the potential to generate an additional 100,000 visitors, an additional $34M in spending, over 300 direct and indirect jobs and $1.2M in additional state and local taxes.**
*MNP's New Mexico Film Production Tax Incentive Study Phase II Report 2015
**Ernst & Young's Evaluating the Effectiveness of State Film Tax Credit Programs 2012