AUSTIN, Texas, May 4, 2017 /PRNewswire-USNewswire/ -- Earlier today, representatives of the Texas motion picture industry met with state legislators in the Texas State Capitol building to discuss the economic importance of a well-funded Texas Moving Image Industry Incentive Program (TMIIIP).
According to the website, TMIIIP is designed to build the economy through the moving image industry and create jobs in Texas. It provides qualifying film, television, commercial, visual effects and video game productions the opportunity to receive a cash grant based on a percentage of a project's eligible Texas expenditures, including eligible wages paid to Texas residents.
"We appreciate the lawmakers for taking the time to meet with us and learn about this critically-important rebate," said Mindy Raymond, Executive Director for TXMPA. "Our industry's projects that are produced and created here are exported globally, increasing our visibility as a state and serves as an awesome advertisement for tourism and what Texas has to offer."
The Texas moving image industry is a vital part of Texas' economy, bringing in more than $1.25B into the state in the last 10 years. With a $5.55 ROI, the TMIIIP is worth funding to bring in more productions and projects and keep jobs in our State.
"Our rich heritage of cinema dates back to 1910," said John Schrimpf, President of TXMPA. "The TMIIIP is not a handout to Hollywood, but really a rebate on what has already been spent in Texas. The uninterrupted funding of this program encourages industry producers to consider the Lone Star State for their next project."
The program is for Texans by Texans and only rebates Texas expenditures.
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About the Texas Motion Picture Alliance
Founded in 2006, The Texas Motion Picture Alliance (TXMPA) is a not-for-profit 501(c)(6) organization that serves the film, video, interactive and digital media production industry. They advocate before legislative, regulatory and judicial bodies, representing a robust community of professionals seeking economic and creative incentives for media work in Texas. Through its programs and activities, TXMPA educates its members, legislators and the general public on all forms of media production and the tremendous economic impact that production generate within the state. Visit https://www.txmpa.org/ for more information.
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SOURCE Texas Motion Picture Alliance