Assembly approves expanded & improved program for entertainment industry
California State Assembly approved the California Film & Television Job Retention & Promotion Act of 2014 by a unanimous vote of 71-0.
The new Act aims to retain film & television industry jobs by replacing the current measure that provides $100 million per year to the industry. The Golden State has been suffering flow of production and jobs to other states and countries for the last many years. The existing measure couldn't prove to be enough to stem the flow.
The legislation authored by Democrat Assemblymen Mike Gatto and Raul Bocanegra, however, mentioned no specific amount of money that the government would allocate to the state's film & television industry.
Bocanegra claimed that the new expanded and improved program would go a long way to make California more competitive.
Speaking on the topic, the assemblyman said, "We can't sit by and watch a $17 billion dollar a year sector of our economy leave California. This expanded and improved program will go a long way toward making California more competitive with other states' programs."
According to the U. S. Department of Labor, California lost more than sixteen thousand film-&-television industry jobs. In other words, the state lost more than $1.5 billion worth of economic activity.
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