Ohio is investing over $36 million in tax credits to boost its film and theater industry. Cincinnati was shortlisted to host the Sundance Film Festival, highlighting the state’s growing role in entertainment.
Ohio Invests $36 Million in Film Tax Credits; Cincinnati Competes to Host Sundance Film Festival
According to Mahoning Matters, Ohio has announced it will give out more than $36 million in tax credits to support film, TV, and theater productions in the state. This funding is part of Ohio’s Motion Picture Tax Credit program, which helps productions save money by offering a 30% credit on spending and wages. The program, running since 2009, has $50 million available each year. Recent large awards include nearly $11 million for the movie Superman and the thriller The Epiphany, starring Sylvester Stallone.
Cincinnati is now one of six finalists to host the Sundance Film Festival after its contract with Park City, Utah, ends in 2027. Sundance officials praised the creative talent in the shortlisted cities and are excited about the possibilities. Cincinnati Mayor Aftab Pureval and Governor Mike DeWine are thrilled about the chance, saying the city’s experience in handling major events makes it a strong candidate.
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$36 Million in Tax Credits: Ohio’s Film Industry Boom Continues as Cincinnati Aims to Host Sundance Film Festival (PHOTO: WKBN.com)
Ohio Boosts Film Industry with New Tax Credits and Cincinnati’s Bid to Host Sundance Film Festival
Ohio’s growing film industry is highlighted by successful movies like The Shawshank Redemption and A Christmas Story, which were filmed in the state. With the new tax credits and the possibility of hosting Sundance, Ohio is set to boost its film industry even more. Cincinnati’s potential role in hosting the festival is seen as a big opportunity for the city and the state.
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