NJ vs. Upstate NY - What we’ve learned…

We all love New Jersey. We love Snookie, Springsteen, conversations about what exit of the Garden State Parkway people grew up near. All of it… what’s not to love?
 
THANKFULLY, New York state makes it rain with tax incentives for the Industry, and gives you GIGANTIC reasons to shoot here.
New Jersey   New York
Up to 35% of qualified film production expenses
A WHOPPING 40% OFF in UPSTATE NY
 
(at Cobalt Woodstock)
 
AND 40% OFF on post-production costs as well
 

OR

30% for expenses incurred for services performed and tangible personal property purchased for use at a sound stage or other location that is located in the state within a 30-mile radius of the intersection of Eighth Avenue/Central Park West, Broadway, and West 59th Street/Central Park South, New York, New York 
 AND

Nearly DOUBLE the funding pot to $700 Million

AND

A post production carve out of $45 Million

AND

More qualified ABOVE-THE-LINE costs, with double-caps:

wages for writers, directors, producers, actors, and composers capped per individual at $500,000, and capped per production at 40% of qualified production costs

 

AND

Accelerated timeline in which new productions can claim their credit in the first production year!

AND

Incentivized relocation of a series by allowing, for the first season in NY after relocation 

* relocation costs up to $6 Million

 

AND

A shortened timeline for a relocating talk/variety series to be in production before gaining eligibility from 5 years to 2 years 

Want to learn about virtual production and how to use it?

Cobalt’s got you covered. As the first company to offer Virtual Sets on the East Coast, we have the experience to guide you. Let’s have some fun.

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