Earlier this month Michigan established a tax incentive package to entice filmmakers to bring what lawmakers hope will be multi-millions of dollars to the state’s economy and create new local jobs in the film industry. Already, one filmmaker is one his way to Grand Rapids.
According to excerpts from the story:
For Michigan's new movie tax incentive, the first taker likely will be "The Fifth."
A gangster drama starring Joe Mantegna dubbed "The Fifth Mafia" is to begin shooting in Grand Rapids this summer, the first to take advantage of a new state bill, signed by Gov. Jennifer Granholm this month, offering a 42 percent refundable business tax credit for movie production costs incurred in Michigan.
Janet Lockwood, head of the Michigan Film Office, confirmed the eventual arrival of "The Fifth Mafia" to Michigan. And it might be the tip of the iceberg -- Lockwood said she has 84 scripts on her desk to be reviewed for potential tax breaks.
Read the complete story here.
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