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IL Giving Tax Credits to Film Companies
(IRN)-Illinois is trying to make a comeback in the TV and film industries.

The state has given $5 to Toronto based studio owner Nick Mirkopoulos toward construction of a Chicago production studio that will be the largest such facility in the United States outside of Hollywood.

"Illinois is known for its excellent crew, iconic shooting locations and aggressive tax incentives," Governor Pat Quinn said. "Now with new stage space available, we are the complete package, truly a world-class film destination."

When completed, the new studio will include 1.3 million square feet of space located on just over 48 acres.

"Our film production industry is thriving, but the opening of Cinespace Chicago Film Studios launches a new era when it comes to attracting big budget movies and TV series," said Betsy Steinberg, director of the Illinois Film Office. According to the state, the film industry spent $161 million in Illinois in 2010, a 54 percent increase over 2009.

In the early 1900s, Illinois was home to the largest number of production companies and filmmakers.

(Source: Illinois Radio Network)
05 10 11 by Newsroom
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