Applications to Expand Film Studios Presence in NJ Now Open
ON APR 2, 2024
The New Jersey Economic Development Authority (NJEDA) has reopened applications for film production facilities seeking a designation that will facilitate access to a separate pool of tax credits designed to encourage the development of large, long-term film production facilities in the state. Under the New Jersey Film and Digital Media Tax Credit Program, as a complement to the program for individual film production projects, two additional and separate allocations were established to support projects led by Studio Partners and Film-lease Partners Facilities.

In 2022, Lions Gate Film Inc. was awarded the first Studio Partner designation after committing to occupy 253,000 square feet at Great Point Studios development in Newark. The facility is expected to be operational in 2025.

Read The Full Article