NEW ORLEANS (WAFB) - Starlight Studios in New Orleans is creating more full-time jobs after the company became the latest to qualify under the Entertainment Job Creation Program, Louisiana Economic Development announced on Tuesday.
Starlight Studios has five new jobs, with an average annual salary of $91,000, at its motion picture production facility in eastern New Orleans.
The film studio was able to provide these jobs after it became the latest company to be a part of the the Entertainment Job Creation Program, which creates full-time jobs in the entertainment industry. An employer can claim a 15 percent payroll tax credit for jobs paying $45,000 or more annually. That credit increases to 20 percent for new jobs paying more than $66,000 a year. In addition, the job creation program established a similar credit for music-related companies.
“Our ability to bring purpose-built infrastructure to Louisiana’s burgeoning entertainment industry would not be possible without the guidance and leadership of LED, the New Orleans Industrial Development Board and our Legislature,” Starlight Studios Developer and CEO Billy Burk said. “We are proud to be a part of this program and its incentive to create lasting, quality jobs and sustainable economic growth for the creative industries here in Louisiana.”
The motion picture company’s office space and warehouses are undergoing renovations, which are expected to be completed in early 2019. There are plans to expand its productions infrastructure to more than 300,000 square feet, representing a capital investment of more than $35 million.
Louisiana’s film industry, feature films to episodic TV productions, generates hundreds of millions of dollars annually in project-based spending.
For more information, visit StarlightStudios.LA.