Michigan hoping to replace automakers with filmmakers
In Granholm's State of the State Address earlier this week, the governor announced that: "Wonderstruck Animation Studios will invest $86 million to build a new studio in Detroit; Stardock Systems, a digital gaming manufacturer, will build its production facilities in Plymouth; and Motown Motion Pictures will invest $54 million to build their new film studios at a former GM plant in Pontiac."
Michigan has been offering some generous enticements to the film industry for some time now. The state's lawmakers passed a law last year to offer filmmakers cash refunds of 40% or more to movies made in Michigan. The Wall Street Journal says that's one reason Warner moved production of "Gran Torino" from Minnesota to Michigan. The state is also throwing in $15 million in tax credits and another $101 million more in credits over 12 years if hiring quotas are met.
[Sources: The Wall Street Journal; Detroit Free Press]
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