Please support Game Informer. Print magazine subscriptions are less than $2 per issue
Michigan Governor Proposes End To Tax-Incentive Program
Michigan is one of the states across the nation that offers tax breaks to film, TV and video-game producers for setting up shop in the state. In its current incarnation, the state refunds approximately 40 percent of qualified expenditures by those companies. That may change, however, if Governor Rick Snyder’s proposed budget passes through the state house intact. The move comes as the state faces a $1.4 billion deficit.
Pixofactor Entertainment is a software developer that’s benefited from the current program. The studio is working on a Ben Hogan golf game for the Wii, and has plans to hire 175 employees through 2010. According to CEO Sean Hurwitz, those plans won’t likely come to fruition if the tax incentives disappear.
"We recently had a visit from one of the top three largest video game publishers in the world, and they're looking to bring tens of millions of dollars' worth of business to us and to Michigan,” Hurwitz told the AP. “There won't be any of that work without the incentive.”
About 40 states give tax breaks to entertainment studios. A particularly relevant example is Rhode Island, which lured Curt Schilling’s 38 Studios to move from Boston with a $75 million loan.
[Via Gamasutra]
I’d like to ask you to support Game Informer’s continued coverage of games with a subscription. For less than two dollars per issue, we mail you a full year of 10 print magazines, each with cover stories and preview features filled with exclusive details about the most exciting upcoming games. We profile and interview game creators. We look back on the rich history of gaming, and we celebrate what’s next.
Here on the website, we offer much of our content for free, including game reviews, daily news, videos, event coverage, and more – all with minimal ads.
We do so with a small editorial team, alongside contributing paid writers from around the world – over 65 individuals from 9 countries around the world, just in the last couple of years.
It’s not possible without support.
In a time when game makers and games coverage have faced hard struggles and layoffs, the future of this 30+ year magazine and community is at risk. Our new standalone magazine subscription is the number one way you can keep us alive – and we believe you’ll get a pretty fantastic gaming magazine in your mailbox every few weeks for your trouble.
Thank you.
