The report provides an overview for year-one of the new Program 3.0.
Highlights of the report include:
- Impact of approved tax credit projects (from big-budget films to relocating TV series).
- Employment and spending data from across the state.
- New provisions for workforce training, diversity and inclusion.
- COVID compliance cost data for projects in the tax credit program. Note the COVID data is based on estimates from tax credit project applications. It is preliminary and represents a small sampling of overall projects in pre-production from earlier in the pandemic.
- The growing need for skilled Visual Effects artists and crew and why the visual effects industry thrives outside of California.
The full report is available on the CFC website.
