ECONOMIC IMPACT OF THE NEW MEXICO FILM PRODUCTION TAX CREDIT

Results of the 2023 Economic Impact Study of the New Mexico Film Production Tax Credit

• The New Mexico Film Industry Economic Impact 2024

  This report highlights the film industry’s importance to New Mexico’s economy, including: 

  • Job creation: The film industry provides an estimated 8,000 jobs for New Mexico residents. 
  • Economic impact: An independent study found that the film tax incentive program generated an economic return on investment (ROI) of 8.4. 
  • Industry growth: The film industry continues to grow despite the 2023 WGA and SAG-AFTRA strikes.
    

Economic Impact study results of the New Mexico Film incentive.

https://nmfilm.com/assets/uploads/nm-film-study-update-2023.pdf