Economic Impact of Utah’s Film and Television Incentive Programme

Client: The Motion Picture Association of Utah and the Utah Film Commission

Location: Utah, US

Commissioned by the Motion Picture Association of Utah and the Utah Film Commission, this study calculated the economic impact of Utah’s Film and Television Incentive Programme.

The study found that the incentives generated $614.1 million in economic output between fiscal years 2015 and 2021. Over the same period, the total Gross Value Added (GVA) created by production activity incentivised by the credit was $350.1 million, an average GVA of $50.0 million a year.

Other key findings from this study include:

• The creation of 516 direct full-time equivalent (FTE) year-round jobs in FY2021, with a total of 810 FTE jobs once indirect and induced impacts are considered

• An economic return on investment (RoI) of 7.0, showing that for every $1 invested through the incentive programme, the state’s economy benefitted by US$7.00

• The incentive was also successful in attracting productions into the state of Utah.

The study also modelled the potential impacts of expanding the incentive budget cap.

Download the full study here.

For further information on this study, please email leon@o-spi.com.

Further information on SPI’s economic impact studies can be found here.