March 29, 2019 – Correspondent Megan Kamerick sits down with the executive director of the Santa Fe Film Office, Eric Witt, to look at a bill passed this legislative session that revamps New Mexico’s film incentive program. The governor is poised to lift the $50 million annual cap on the program, though some say it offered much-needed predictability for state finances.
November 16, 2018 – Netflix plans to ramp up production in New Mexico following the planned acquisition of Albuquerque Studios. The company has committed to bring $1 billion in productions to the state in the next 10 years. That includes spending at least $600 million over the next five years on its own productions and another $400 million in direct and indirect spending, including leasing space to other production companies. Netflix is familiar with the state, having filmed series such as “Godless” and “Longmire” here, drawn in large part by the tax incentives offered by the state of New Mexico. Netflix sought additional incentives for this deal, including $10 million in Local Economic Development Act funds and $4.5 million worth of incentives from the city of Albuquerque. How does this deal fit into a larger economic development strategy in New Mexico? How important are tax incentives for development? What will the ripple effects be in New Mexico from the Netflix deal?