Puerto Rico film industry banking on local talent, incentives
Eight Puerto Rican productions with an estimated economic impact of about $4.3 million will get about $2 million in cash subsidies from the island Film Industry Development Program’s (PDIC) Film Investment Fund (FIF).
The announcement was made Wednesday by Economic Development (DDEC by its Spanish acronym) Secretary Manuel Laboy, who added that these “productions, which represent 192 days of filming, will generate 775 direct jobs and represent 192 hotel [room] nights.”
The official stressed the importance of supporting these productions so they can be exported to other markets.
“These are great opportunities to market our talent and the quality of our products to attract other producers to film in Puerto Rico,” Laboy said.Continue Reading