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Consultant presents preliminary film production study showing $64.6 million gross economic impact; final report due in about two months
Summary
Consultants from Olsberg SPI presented a preliminary film production study to the House Education Committee, reporting $64.6 million in gross gross value added from incentivized production between FY2014 and FY2025 and an estimated gross return on investment of about 4.6; consultants said a net impact (deadweight adjustment) is forthcoming.
Consultants from Olsberg SPI presented a preliminary report to the House Education Committee on a study of Arkansas’s digital product and motion-picture incentive, saying incentivized production from fiscal 2014 through fiscal 2025 has delivered $64,600,000 in gross gross value added (GVA) for Arkansas and a gross return on investment of about $4.6.
Leon, a consultant with Olsberg SPI, told committee members the figure is a gross number that includes direct, indirect and induced effects and that the firm is conducting an “additionality” survey to remove economic deadweight and produce a net estimate. “We don't expect the numbers to change very much because incentives in…
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