Media Jobs in Connecticut Created by NBC
Posted on March 4, 2009
One of the nation’s largest television stations could soon create media jobs in Connecticut.
NBC Universal is looking into a project with the State of Connecticut that would result in a large television production studio at the Rich Forum Theater in Stamford. If finalized, the project could create between 150 and 200 jobs and invest more than $3 million in the local economy.
â€œThis is terrific news for the state and for Stamford â€“ it will bring much-needed jobs, revenue and excitement and weâ€™re proud as a peacock to pull it off,â€ Governor M. Jodi Rell said in a press release. â€œThis is good news at a time when we need good news, and my administration will continue to do all it can to bring good, dependable jobs to the state.
â€œNot only are these jobs themselves important, many of these production facilities can become tourist attractions in their own right, becoming an additional economic development tool,â€ Rell added. â€œLast month we held a grand opening for Blue Sky Studiosâ€™ new digital animation production facility in Greenwich. Now NBC Universal is in negotiations with our state, both in large part because Connecticut has made wise, targeted use of tax credits to make our state more attractive to this major industry. It is critical that Connecticut continues to enhance its reputation as a leader in the entertainment industry.â€
Connecticut currently offers a 30 percent production tax credit on annual activity and a 20 percent tax credit on infrastructure costs exceeding $1 million. The state recently faced some backlash when it proposed capping the film tax credit at $30 million per year.
â€œAs a company based in the Tri-State area, NBC Universal is enthusiastic about expanding our footprint in the region,” Barry Wallach, president of NBC Universal Domestic Television Distribution, said in the press release. “The tax credit program fosters additional public/private investments in production infrastructure that Connecticut can use to help the state through the current economic crisis. We thank the Governor and the State of Connecticut for supporting the media and entertainment industry through this important tax-credit program.â€