Motion picture production is a highly desired and welcomed industry in Connecticut. Connecticut Studios is a project that will provide immediate and sustained economic benefits to South Windsor and the state.

Immediate Construction Jobs & Economic Impact:

• $50 million project investment will anchor the film industry in Connecticut
• Immediate creation of 400-500 union construction jobs
• Area businesses will be strengthened and supported during the construction period, and beyond

Sustained Annual Movie Prouction Jobs & Long-Term Economic Impact:

• 1,650 production related union jobs per year paying an average yearly salary of $68,200 and generating approximately $112.5 million in additional Connecticut payroll
• 40 full time facility studio jobs paying an average yearly salary of $45,000 and generating approximately $1.8 million in additional Connecticut payroll
• Industry statistics show the economic multiplier effect is approximately four times direct production expenditures
• Connecticut Studios will provide a valuable connection to the entertainment industry for Connecticut’s regional technical schools, colleges and universities with related academic programs and will provide a strong incentive for graduates of those programs and young professionals to remain in the state

Economic Benefit Studies:

• A February 2009 Ernst & Young study prepared for the New York State Governors Office of Motion Picture and Television Development and the Motion Picture Association of America evaluated the state’s 30% production tax credit program and reported:
  - At $940 million of film spending in 2007 the credit created and retained 19,512 jobs
  - The credit also generated New York State and City return-on-investment of $1.90 for every $1.00 invested in tax credits
• A January 2009 Ernst & Young study prepared for the New Mexico State Film Office and State Investment Council reported:
  - The state’s film production tax credits resulted in combined state and local tax collections of $1.50 for each $1.00 of state credits