Interesting article in the Times this morning on NYC’s continuing bid to become Hollywood East:

Spurred by tax credits from the city and the state, the film and television industry has become the fastest-growing employment source in New York City, creating 10,000 jobs over the last year and pressuring California to consider similar incentives.

The industry has grown so quickly since the incentives, which provide a 15 percent credit on much of a production’s expenses, began in 2004 that city officials are now considering reining them in. Officials are concerned that they are too costly and often going to productions like “The Sopranos” that were already being filmed in New York.

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