Lights! Action! Lawmakers seek funding to grow Florida’s film industry

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A bipartisan group of lawmakers wants to bring back home a Florida industry lured away by tax breaks. Rep.Joe Gruters, R-Sarasota, and Sen. Annette Taddeo, D- Miami, Wednesday called on lawmakers to create the Florida Motion Picture Capital Corporation.

Their idea is to create a fund to help finance the production of motion pictures, television shows, and novellas. SB 1606 is the first step, said Taddeo and Gruters. It sets the “infrastructure” of a corporation, which invests in projects and then uses the returns on the investments to rebuild an industry that producers say has flat-lined in Florida.

Taddeo and Gruters make no request for money from the state budget, this year. They want to debate the idea of a fund and work out the procedures to invest in projects first. Then next year, they would seek startup money – between $10 million and $20 million.

“It’s a great use of money in creating jobs and asking for investments,” said Taddeo.

See more at Tallahassee Democrat.

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