Blue Sky Animation is pulling out of White Plains New York and moving next door to Connecticut, where the tax breaks are as high as a Horton the elephant's eye:
A digital animation studio known for its production of "Ice Age" is leaving its suburban New York site and moving to Greenwich.
Brian Keane, chief operating officer and chief financial officer of Blue Sky Studios, cited Connecticut's new tax credits that were enacted to boost film production in the state. Production companies are eligible for tax credits up to 30 percent on production expenses or costs in the state.
"The state has taken the lead to create the necessary economic environment to make itself attractive to businesses like ours," Keane said.
I went through the White Plains studio a bunch of years ago. Bue Sky was tucked away on several floors of the IBM building on Broadway. Nice digs, but I'm sure it was a pain going up and down in the elvator to get to people.
And of course, New York doesn't have those spiffy tax breaks.
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6 comments:
What terrible accountants did they have in New York such that they were showing a profit they had to pay taxes on in the first place?
They need to get someone from Hollywood in there fast!
It wasn't smart to set up shop in such an expensive area (White Plains) to start with.
Seems to me this is a smart move, although, I don't know much about Connecticut.
R.
It's not that radical a move. If you think of the NYC area as a clockfacewith Manhattan as the center, they just moved from 11:30AM to 2:00PM.
Those of you with digital watches, just go with it.
As long as people don't have to move to CT. Beautiful state but the Greenwich area is mighty pricey. Wonder if they have housing incentives as well? House prices are the same as here if not more expensive as is most of western CT.
Ya know... there's a big building that DNA vacated here in Dallas. Houses are cheaper, no income tax. They shoulda moved down here
Beautiful state but the Greenwich area is mighty pricey. Wonder if they have housing incentives as well? House prices are the same as here if not more expensive as is most of western CT.
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