Michigan's film credits don't produce promised jobs
A New York Times report on Michigan’s credit for film production finds it has not produce the jobs promised. The Times report on a studio built in Pontiac is part of a series on business credits and incentives and their impact on job creation. In Pontiac the studio was built on the site for a former General Motors’ facility. The report finds that the studio reported only 12 employees last year. There were other temporary jobs in areas such as construction. But an emergency financial manager appointed to oversee Pontiac’s finances says the credit diverted needed revenue.
The studio, a state-of-the-art facility fit for Hollywood blockbusters, had risen from the ruins of a General Motors complex here. It was the brainchild of a small group of investors with big plans: the studio would attract prestigious filmmakers, and the movie productions would create jobs and pump money into the local economy.