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| New Mexico Film Investments The State Investment Council may make loans to New Mexico film and television projects in an amount up to 6% of the market value of the Severance Tax Permanent Fund. In March 2011, the Council voted to adjust the structure of these loans, lowering the minimum loan amount to $500,000. The maximum loan amount remains capped at $15 million per project under NM statute. The SIC's film loan program can now make loans to NM film and TV projects at a market rate of interest, provided the projects have acquired an appropriate letter of credit as guarantor for the loan. Other statutory requirements mandate the project to be wholly or substantially produced in New Mexico, have a distribution contract in place, post a completion bond and 75% of the production crew must be New Mexico residents. The new policy was passed by the Council at its May 2011 meeting, you can read it below. Film Program Investments Summary Film projects and funding from program inception through August 31, 2010 New Mexico Film Office New Mexico offers a 25% tax rebate, project loans, crew training programs and more. Learn more about film incentives at the NM Film Office Film Investments Policy Economic & Fiscal Impact of the NM Film Production Tax Credit January 2009 study by Ernst & Young assessing economic impact of film industry in New Mexico in relation to state film incentives Arrowhead Center Report: The Film Industry in New Mexico and the Provision of Tax Incentives August 2008 Analysis by NM State University as provided to the Legislative Finance Committee  Real Estate Investments Investment Pools Other Investments  RESILIENT MEDIA ENTERTAINMENT Sharing News/Information 25/8 About: PRIVATE EQUITY/VENTURE CAPITAL/HEDGE FUNDS/INVESTMENT BANKING & a few fun things as well. Check US OUT: http://linkd.in/oiB29l http://on.fb.me/sdaWqc http://bit.ly/uhH9hQ http://bit.ly/trKLuj http://bit.ly/vyxYcf |
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