Georgia’s aggressive tax breaks for interactive developers seem to be paying off for the state, if you believe a rosy picture painted by The Atlanta Journal-Constitution.
All in all, the piece estimated that around 70 companies “affiliated with videogame production” operate in Georgia today. The economic impact of such companies on the local economy was pegged at $68.9 million in 2008, while a figure of $49.9 million was assigned to 2009, though that number is expected to double once companies that have not yet filed for tax incentives do so.
Among the lures that make Georgia an attractive home for game developers is a sizeable tax credit of 20 percent for investments that surpass $500,000, with an additional 10 percent in breaks up for grabs if the state’s logo is embedded in the game.
Another enticement is the growing number of schools and universities offering videogame-related coursework and degrees. It was reported that SCAD Atlanta’s Game Design program had just 14 students five years ago, a number that jumped to 73 in this year’s spring term.
Georgia Game Developers Association President Clinton Lowe indicated that there was still much to be done, including educating the state’s venture capital and angel investor communities about the videogame industry.”