Home Інвестиції Chicago has set a record for revenue from film production

Chicago has set a record for revenue from film production

by marusia

Governor J. B. Pritzker celebrates the success of the state’s film industry after record revenues were recorded in 2022.

Pritzker was on the Chicago Filmmakers campus last week with state legislators and representatives of the Illinois film industry. In 2022, the Illinois film industry experienced its best year in terms of revenue, receiving almost $700 million, compared to $560 million in the pre-pandemic 2019.

“Our success in the film and television production industry is not just a set of income figures, it’s thousands of well—paid jobs,” Pritzker said. “I am proud to extend the Illinois film Production tax credit through 2033, guaranteeing a prosperous decade for producers, screenwriters, directors, designers, editors, actors, cameramen and assistants.”

The Illinois Film Production Tax Credit offers film producers a 30% credit on all qualified expenses, including post-production.

Pritzker said that thanks to the tax credit, Illinois is seeing record numbers in the film industry.

“Thanks to this expansion, we made history in 2022,” Pritzker said. “We got a record $691 million.”

According to Pritzker, in 2022, the state not only received an additional $60 million compared to 2021, but also increased the number of jobs and wages in this industry, since almost 1,600 jobs in this area appeared in the state.

“We have received more than $400 million in wages for our employees. This is $50 million more than before the pandemic,” Pritzker said.

Kristin Richards, director of the Illinois Department of Commerce and Economic Opportunity, said a thriving film industry could help other industries across the state.

“Filmmaking means investing in communities and small businesses, from catering to hotel stays and everything in between,” Richards said. “Production is thriving thanks to the efforts of the Illinois Film Bureau to promote our expanded incentives and programs, further cementing Illinois’ reputation as an iconic filming location.”

According to Chicago, 13 TV shows were filmed in Chicago in 2022, including The Chi, Chicago Fire, Chicago Med, Chicago PD and Dark Matter.

You may also like

Leave a Comment

@ BestChicago.net, 2018-2022.