www.illinois.gov

Pat Quinn, Governor

State Links Skip to Content Skip to State Links

 Government
 Business
 Employment
 Education
 Health & Safety
 Family & Home
 Travel & Recreation
 About Illinois
 Illinois.gov

Stay Informed

Your Government


[Search Tips]

Illinois Flag Honors

Inspector General


 IGNN: State/All Press Release

ILLINOIS NEWS
The State of Illinois News page provides access to the Illinois Government News Network and all state press releases.


FOR IMMEDIATE RELEASE
March 31, 2008

Governor Blagojevich announces record profits for the Illinois film industry in 2007
Since the Governor's signing of the Film Tax Credit in 2003, Illinois' film industry has rebounded sevenfold to an all-time record of $155 million last year

CHICAGO – Highlighting the success of the Illinois film industry since the enactment of the Film Tax Credit in 2003, Governor Rod R. Blagojevich today announced the film industry has reached an all-time record of nearly $155 million in 2007. This represents the single best year in the state's history - and an 80 percent increase over 2006. In 2000, Illinois began suffering a mass exodus of the film industry as other states began enacting film incentives. By 2003, the Illinois film industry had fallen to an all-time low of $23 million. In response, Gov. Blagojevich enacted the Illinois Film Tax Credit. Since its passage, the film industry has rebounded dramatically.
 
“Since we enacted the Film Tax Credit in 2003, production in Illinois has surpassed record levels,” said Gov. Blagojevich. “There are over forty states that provide film incentives, including Wisconsin and Michigan, so it's vital that we continue offering a tax credit that will help us remain competitive, and maintain Illinois as a viable option to major production sites like Los Angeles and New York.”

The film industry has a sizable impact on the Illinois economy and brings thousands of jobs to the state each year. In 2007, Illinois film productions made more than 26,500 hires in Illinois - a 110 percent increase over 2006.  A number of films and television shows were produced in Illinois in 2007 including: “The Dark Knight” (Batman); “Wanted,” starring Angelina Jolie and Morgan Freeman; “Fred Claus,” with Vince Vaughn; “Meet the Browns,” starring Angela Bassett; “ER” (TV show), and “My Boys” (TV show).
“With the recent economic downturn and climbing unemployment rates, it is vital that we keep the Film Tax Credit alive to keep its job-creating momentum in Illinois. We have had record success since the Governor enacted the credit in 2003, and I expect this year will be no different. It’s important that the General Assembly work quickly to get the FTC renewed so we can maintain Illinois’ competitiveness and put more people to work,” said Jack Lavin, Director of the Illinois Department of Commerce and Economic Opportunity.


###

News Categories

 State/All
 Governor's Office
 Lt. Governor's Office
 Agriculture
 Budget/Fiscal
 Business
 Children/Families
 Culture
 Disabilities
 Economic Development
 Education
 Environment
 Flag Honors
 Health/Human Services
 History
 Infrastructure
 Opportunity Returns
 Recovery
 Safety/Security
 Technology
 Tourism/Recreation
 Transportation
 Workforce/Jobs

News Resources

 Search the News
 IIS Radio News
 RSS News Feeds
 e-News Subscriptions
 Communications Office
 Privacy Statement

Features

Sign up for an e-news subscription
Copyright © 2014 State of Illinois Site Map | Illinois Privacy Info | Kids Privacy | Web Accessibility | Contact Us