“We’ve almost doubled our amount, our capacity and I’m really happy about that,” said Bill Garvey, president of the Greater Cleveland Film Commission.
CLEVELAND, Ohio - The Greater Cleveland Film Commission wanted the Ohio state legislature to uncap the tax credit. Instead, it increased it, from $40 million to $50 million this year and $75 million starting July 1, 2024.
“There’s a lot of money being left on the table,” said Garvey. “Obviously, we have a cap so we can’t accept all comers. That money goes somewhere else.” “When we talk about this tax incentive and how much it can bring, it’s returning three-hundred percent on our investment,” Garvey said.
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