New Jersey poised to soon become the top three film destination, says the CEO.

Now, in the history of this, if you're familiar with it, I did a video on this about a year

and a half, two years ago, about the fact that the headquarters, Hollywood, used to be in

New Jersey, and Thomas Edison ran it.

And now it looks like it's going back to New Jersey.

New Jersey film industry has searched since Governor Phil Murphy signed a film and digital

media tax credit in 2018 with 547 projects filmed in 2023, generating $592 million.

And up from $67 million in 2017, per variety prompting Tim Solomon's CEO

of New Jersey, Economic Development Authority to state film and TV started in New Jersey way

back in a day under Thomas Edison in Fort Lee, New Jersey.

We were Hollywood before there was a Hollywood.

He's right.

We're bringing ourselves back to the top

of the pack with major investments because we see a huge economic opportunity here. Major studio

developments including Netflix is $1 billion, half a million square foot production studio

at Fort Monroe Mouth, announced in May, Lionsgate's 300,000 scorefoot facility in

Newark, announced in 2022, in 1888, studios 1.6 million square feet space, and Bayon are rare

set to boost real local economies. Tom, thoughts on this story. Guess what? New Jersey saw an opportunity to say,

we live in the shadow in New York. We need economic incentives. You know what? There's a lot of

actors and actresses that are up in New York. There's a lot of good people here in New Jersey

that would like jobs. Tell you what, What if we gave a tax credit to these people

because we're not blue? We're kind of light blue. And by the way, I believe the answer is 4.5 points

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