As part of the Regional Council-adopted Southern California
Economic Recovery and Job Creation Strategy, one of the
objectives was to preserve current key economic industries and
encourage their continued economic viability. To further this
objective, SCAG commissioned the Los Angeles Economic Development
Corporation to prepare a study to analyze the economic impact of
the State’s current Film and Television Tax Credit Program and
assess the economic and fiscal impact of lost big-budget
productions, not eligible under the current program. As the
impact of this goes beyond Los Angeles and benefits the entire
SCAG region, SCAG had Dr. Wallace Walrod of the Orange County
Business Council and Dr. John Husing of Economics & Politics,
Inc., review the findings. As noted in the study, California’s
Film & Television Tax Credit Program: Assessing its Impact,
the results were very positive.