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Only $1 million left available for film projects in Puerto Rico

The DDEC advocates for continuing to support the sector, despite the negative impact of the incentives on public finances, according to Abexus Analytics

December 10, 2024 - 11:53 AM

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An Abexus Analytics analysis, commissioned by the Department of Economic Development and Commerce, concluded that the return on investment (ROI) of credits and incentives granted to film projects on the island is negative, at a rate of -49.5%. From the DDEC's perspective, however, the effectiveness of an incentive cannot only be measured by the revenue it generates for the Treasury. (Shutterstock)

By Maricarmen Rivera Sánchez

Periodista de Negociosmaricarmen.rivera@gfrmedia.com

The incoming government will have only $1 million left to distribute in tax credits to the film industry until the next fiscal year begins on July 1, 2025.