Governor Newsom Announces Next Round of Film and TV tax credits, Hit Series Baywatch returning to California
As seen on www.gov.ca.gov:
SACRAMENTO – Governor Gavin Newsom announced today the selection of 17 TV projects for the latest round of awards through California’s Film and Television Tax Credit Program, which will collectively bring an expected $1.2 billion into the state’s economy. This round brings the total economic impact from the first two TV windows of Program 4.0 to over $2.5 billion, as California continues to retain and grow its entertainment workforce and bring high-value, long-run television series back home.
“California’s creative economy isn’t just part of who we are — it helps power this state forward. From the folks on the soundstage to the people designing the sets, these are jobs that anchor communities. And when we make smart investments like our film tax credit, we’re keeping talent here at home, supporting good-paying union jobs, and strengthening an industry that defines the California brand. I’m proud to see the return of Baywatch where it belongs — on sunny California shores, creating jobs and fueling the very entertainment economy that sets this state apart.” - Governor Gavn Newsom
The program continues to deliver on its goal to get people back to consistent work, with this latest round of projects expected to employ an estimated 5,165 cast and crew, along with 35,946 background performers (measured in days worked) over the course of 1,000 filming days statewide. This round, which is the second for TV projects in the newly expanded Program 4.0, will bring $902 million in qualified in-state spending inclusive of $487 million in qualified wages.
“California continues to prove that when we invest in our creative workforce, the industry invests right back in us. These series aren’t just coming home, they’re bringing thousands of jobs, hundreds of millions in wages, and long-term economic value to our state. The momentum we’re seeing is exactly what this program was designed to deliver.” Colleen Bell, Director California Film Commission