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HomeMy WebLinkAbout2017-03-28 Letter to Gilbert Keith-Agaran and Jill Tokuda re HB 423, HD 2 SD 1 relating to Film and Digital Media Industry Development os -MtY ' rt' .. • Wil Okabe ' iZt Managing Director Harry Kim :+ Mayor • • Barbara J.Kossow • ••�tr,o f,M' �-• Deputy Managing Director I.uttf r nf%Au fl Offire of filo ujar 25 Aupuni Street,Suite 2603 • Hilo,Hawaii 96720 • (808)961-8211 • Fax(808)961-6553 KONA: 74-5044 Me Keohokalole Hwy.,Bldg.C • Kailua-Kona,Hawaii 96740 (808)323-4444 • Fax(808)323-4440 March 28, 2017 Senator Gilbert S.C. Keith-Agaran, Chair Committee on Judiciary and Labor Hawai'i State Capitol Honolulu, HI 96813 Senator Jill N. Tokuda, Chair Committee on Ways and Means Committee on Ways and Means Hawai'i State Capitol Honolulu, HI 96813 Dear Chair Keith-Agaran, Chair Tokuda, and Committee Members: RE: HB 423, HD 2 SD 1 Relating to Film and Digital Media Industry Development Thank you for this opportunity to testify in support of the intent of HB 423, HD2, SDI. As my Director of Research and Development testified in a previous committee on HB 423, HD 2: "The film industry is something most everyone can support. But the world recognizes its value as well, and the competition is fierce. Therefore extending the production tax credit is critical to the health of the state's film, media and supporting creative industry sectors. Without the extension of the credit, not only production-related work will be impacted, but the likelihood of a public/private partnership to develop new industry infrastructure will be stalled. Since the cost of production is typically higher on the neighbor islands, increasing the tax credit for counties with a population of 700,000 or less will enable us to be more competitive and attractive to the production industry. And creating additional incentives County of Hawai`i is an Equal Opportunity Provider and Employer. Keith-Agaran/Tokuda March 28, 2017 Page 2 for hiring locally will provide more production related jobs for residents. This will incentivize the industry to hire locally rather than import workers." Please act favorably on HB 423. Respectfully submitted, eLitilaN Harry Kim Mayor County of Hawai'i is an Equal Opportunity Provider and Employer.