Tuesday, February 12, 2013

Iron Man’s Penthouse Subsidy Brings Acting Jobs to New Mexico

Iron Man Tony Stark’s penthouse in the hit film “The Avengers” looks like it’s in Manhattan. In fact, the scenes of Robert Downey Jr. and Gwyneth Paltrow were shot on an Albuquerque sound stage, staffed by 500 extras, grips, camera operators and sound engineers working on the film.

While the industry’s richest stars converge on Hollywood for the Academy Awards on Feb. 24, many players are nestled in places like New Mexico, Utah and Hawaii, beneficiaries of state subsidies that attract studios and create filmmaking jobs. New Mexico, not California or New York, is the largest employer of actors as a share of total employment, with more than 15 per 10,000 workers, according to U.S. Bureau of Labor Statistics data compiled by Bloomberg.

Jobs for performers, technicians, camera operators and editors in the state rose to 1,400 in 2011, when “The Avengers” was shot, from 180 in 2002. Historically New Mexico has been among the most generous with givebacks. It is ranked seventh among U.S. states and territories by Film Production Capital, a New Orleans firm that brokers film tax credits.

“It’s all incentives,” said Joseph Chianese, senior vice president at Entertainment Partners, a Burbank, California company that provides payroll services for film companies. “Production is very expensive.”

Subsidies boost pay as well as employment. Hawaii’s $30 average hourly wage for actors topped New York’s $26 and California’s $25, according to the data.

Production subsidies take many forms. In New Mexico, the state reimburses filmmakers for as much as 25 percent of qualifying expenditures. California provides credits that let producers reduce their sales and income taxes based on local spending. Some states allow the tax credits to be sold to third parties.

New Mexico had an annual average of 1,186 people working as actors between 2001 and 2011, out of a total of 767,000 employed. As a share of total workers, that’s higher than California and New York, which filled many more jobs in the profession at 21,716 and 11,958, respectively.

Movies filmed in New Mexico include the best picture Oscar winner for 2007, “No Country for Old Men,” and Walt Disney Co.’s “The Lone Ranger,” due to hit theaters July 3.

In addition to rebates, New Mexico’s incentives include loans and reimbursement for wages in certain trades, such as set decorators and casting directors.

Hawaii offers income tax credits of as much as 20 percent of local expenditures, according to its state film office. Among the recent films shot there, Universal Pictures’ “Battleship” and Twentieth Century Fox’s “The Descendants,” which won a best adapted screenplay Oscar last year.

Some states manage to create high-paying entertainment jobs without giving away tax dollars.

Nevada, with iconic locations in Las Vegas, ranked second behind Hawaii in average pay for actors at $27 an hour. The state was first in the percentage of workers employed as audio and visual equipment technicians, probably because of Las Vegas’s leading role in trade shows and conventions, according to John Hanson, business agent for the International Alliance of Theatrical Stage Employees in the city. Nevada doesn’t have a film incentive program.

In addition to wages for film crews, states seek an economic boost from movie-related travel. The Virginia Tourism Corp., which promotes sightseeing in the state, produced a map of locations either used in the film “Lincoln” or frequented by the cast and crew of the Steven Spielberg-directed picture.

Tamra Talmadge-Anderson, public relations director for the agency, said it’s too early to assess the boost Virginia’s tourism industry got from the film, which was released Nov. 16.

Among the tie-ins, the Dixie Restaurant in Petersburg offers a menu item called the Spielberger.

Read More... http://www.bloomberg.com/news/2013-02-12/iron-man-s-penthouse-subsidy-brings-acting-jobs-to-new-mexico.html?cmpid=yhoo

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