Investment of $1.5M in training and education will funnel students into growing sector: Pallister
A re-elected Progressive Conservative government will increase investments in the Manitoba Film and Video Production Tax Credit by $25 million over the next four years.
“Our film industry puts a spotlight on our province, and this commitment shines the light right back,” Pallister said. “We maintained our investment in this surging industry because it’s proven to create jobs and drive economic growth. Now we’ll move it forward by growing that investment even more.”
Expansion of the tax credit will encourage more post-production work—things like computer-generated imagery, video editing, special effects—and infrastructure investments, so companies producing everything from big-budget movies to award-winning documentaries will have even more reasons to do business in Manitoba.
Industry analysis estimated the Manitoba Film and Video Production Tax Credit generates upwards of $90 million in tax revenue annually. The industry also creates jobs and drives economic growth with an estimated five-year GDP impact of nearly half a billion dollars.
“In addition, our government will invest an additional $1.5 million in training and education for film crews and industry workers over the next five years,” said Pallister. “Through partnership with our post-secondary institutions, we’ll continue to develop our local workforce—already approaching 2,000 skilled workers—and keep growing Manitoba’s film industry.”
Production in Manitoba more than doubled its annual investment in the last decade, hitting approximately $200 million last year alone.
The reach of new investment in the tax credit and training goes beyond job creation and investment attraction. In 2017-18, production took place right across Manitoba, giving exposure to Winnipeg, Selkirk, St. Andrews, and 45 rural and northern communities. Film production is a full-time industry in Manitoba now, as production trucks and filming locations are continually active across the province.
“Setting the stage for this industry’s success puts our beautiful province centre stage, creates jobs, and drives economic growth. It’s a win-win-win,” said Pallister.