Texas Business Incentives Help Create 1,700 Jobs

January 4, 2011 -

A new report from the Texas Comptroller of Public Accounts (an analysis of Texas economic development Initiatives) shows that the video game industry has created well over a thousand jobs in the last two years. This is due mostly to the state's Texas Moving Image Industry Incentive Program, which offers incentives to the film, television, commercial, and video game industries.

The report found that the state’s incentive program (enacted in 2007 and expanded in 2009) contributed to the computer and video game industry’s growth in Texas by helping to create an estimated 1,700 jobs between April 2009 and August 2010. The incentive program provides grants for "qualifying productions" including movies, television shows, commercials, and computer and video games that create jobs for Texas residents. Other states have followed the state's initiatives with similar programs including Florida, Georgia, Louisiana, and North Carolina.

"The Texas incentive program is a great example of how investing in the computer and video game industry attracts 21st century jobs and boosts a state’s economy," said Michael D. Gallagher, president and CEO of the Entertainment Software Association. "We commend Governor Perry and the Texas legislature for their vision in creating a program to cultivate these high-tech jobs."

"Texas was one of the first states with an incentive for the video game industry, and it has proven successful," said Texas Comptroller Susan Combs. "In 2009, the video game industry spent $234 million in Texas and employed 3,400 permanent workers with a positive economic impact on the state and on their local communities."


 
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