Adam Schiff Proposes Federal Labor-Based Incentive to Boost California Film Production and Real Estate Demand

Local property professionals in California are advocating for an increase in subsidies for film and television productions in Los Angeles. This initiative aims to revive real estate demand in the region, known as the entertainment capital of the world. Representative Adam Schiff has emphasized the importance of keeping film and television production in the U.S., urging the Bureau of Labor Statistics and the Bureau of Economic Analysis to track employment trends in the industry and the effects of global tax incentives on American jobs. Schiff argues that competitive labor-based incentives are essential for maintaining the U.S.'s leadership in film and television production and for creating more American jobs. The Motion Picture Association, represented by Charles Rivkin, supports Schiff's proposal, stating that a federal labor-based incentive could significantly boost production and job creation in the industry. Rivkin expressed readiness to collaborate with Congress and industry partners on this initiative.