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Expand subsidies to film and TV or lower New Jersey’s business tax rate?

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Expand subsidies to film and TV or lower New Jersey’s business tax rate?


(The Heart Sq.) – A greater financial plan than increasing taxpayer-funded subsidies to movie and tv productions may have the ability to decrease New Jersey’s double-digit enterprise tax price, a spokesperson for the Backyard State Initiative says.

Gov. Phil Murphy was awarded the Business Champion Award by the Movement Image Affiliation on March 15 for “increasing movie and TV manufacturing alternatives in New Jersey, creating native jobs and driving financial progress.”

Hollywood bestows this recognition on elected officers within the state or Congress who the trade believes champion their pursuits by means of public coverage, William J. Smith, spokesman for GSI, informed The Heart Sq.. GSI is a assume tank that conducts unique analysis and supplies common evaluation and commentary on points and occasions.

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“On this case, Gov. Murphy’s recognition would seem tied to his help of resuming taxpayer-funded subsidies to movie and tv productions in 2018 and have been dramatically expanded earlier this 12 months,” he stated. “The governor has made bringing extra movie and TV manufacturing to the state, supported by incentives and subsidies, a cornerstone of his financial improvement agenda.”

The MPA and Murphy confirmed this on the awards presentation, with the MPA particularly mentioning the governor signing into legislation the New Jersey Movie & Digital Media Tax Credit score Program in its information launch.

The 12 months earlier than the tax credit score program was handed, annual income from movie and tv manufacturing was $67 million, Steven Gorelick, govt director of the New Jersey Movement Image and TV Fee, informed The Heart Sq..

Annual income rose from $421.9 million in 2019 to a file degree of greater than $500.5 million, he stated. The 203 function movies made within the state in complete or half since 2018 created 1000’s of jobs.

“We’re nonetheless compiling job creation statistics for 2021, and naturally in 2020 movie and tv manufacturing was shut down worldwide for many of the 12 months,” Gorelick stated.

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Tax credit score initiatives in 2019 created greater than 10,000 jobs, he stated.

Smith stated because the program’s current resumption, whether or not the advantages outweigh the prices of subsidizing these productions stays an open query.

“Quite a few nationwide research have labeled the incentives as company welfare to Hollywood moguls. With 30 states now providing movie incentives, it could be a race to the underside amongst states with diminishing returns,” Smith stated.

The Tax Basis stated in 2008 that in these handouts to movie producers, “races to the underside can happen.” A 2018 examine by Kennesaw State College’s John Charles Bradbury, “Do Film Manufacturing Incentives Generate Financial Growth?” agreed with that outlook.

“Regardless of their widespread use, the optimistic influence of MPIs (Movement Image Incentives) on state economies “has not been documented, and several other states have halted MPI applications attributable to excessive prices and questionable efficacy,” Bradbury’s paper stated.

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California Gov. Gavin Newsom and New York’s Gov. Kathy Hochul every seemed so as to add tons of of tens of millions of {dollars} to their manufacturing incentives applications, Smith stated.

“Then again, we’ve argued that these incentives put the federal government within the place of choosing winners and losers reasonably than bettering the general enterprise local weather,” he stated.

The $300 million in subsidies issued to filmmakers was roughly 10% of the typical of New Jersey’s final 5 years of enterprise tax collections, he stated. That might as an alternative be used to scale back the state’s 11.5% enterprise tax price, Smith stated.

“Wouldn’t our financial system profit from an across-the-board discount to the state’s enterprise tax price that might improve our competitiveness to retain and appeal to funding and jobs?” he requested.

Some advantages for building and catering providers for these firms are probably, he stated. However complete information is scarce, particularly in New Jersey.

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New Jersey

Hudson River Rivalry Matinee Matchup | PREVIEW | New Jersey Devils

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Hudson River Rivalry Matinee Matchup | PREVIEW | New Jersey Devils


NEW JERSEY DEVILS (22-11-3) vs. NY RANGERS (16-16-1)
New Jersey host the NY Rangers at Prudential Center for the first time this season.
You can watch on MSGSN or listen on the Devils Hockey Network.
Read below for your game preview and pre-game story below. Tonight’s game is sponsored by



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New Jersey hit by seafood recall for norovirus outbreak

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New Jersey hit by seafood recall for norovirus outbreak


🐟 Food & Drug Administration issues recall alert for norovirus

🐟 15 states impacted including New Jersey

🐟 Norovirus spreads easily and quickly


Federal authorities are warning of potentially contaminated seafood sold by a California company to several states including New Jersey.

The alert of a norovirus outbreak was issued by S&M Shellfish Co. of San Francisco on Thursday, according to the Food and Drug Administration.

It affects oysters harvested in British Columbia, Canada by Pacific Northwest Shellfish and Union Bay Seafood.

The oysters were distributed to restaurants and retailers under several brand names.

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The brands include Fanny Bay, Buckley Bay, and Royal Miyagi.

Oysters sold as these brands harvested between Dec. 1 and Dec. 9 should be thrown away. They are potentially contaminated with norovirus.

These oysters were also sold in the neighboring states of Pennsylvania and New York, the FDA said.

Are you sick from norovirus?

People who eat food contaminated with norovirus will usually know within 12 to 48 hours, according to the Centers for Disease Control and Prevention.

 Where to enjoy the Feast of the Seven Fishes in New Jersey

This 2016 photo shows oysters grown in Middle Township, NJ. Oysters grown in New Jersey are not affected by the recall. (AP Photo/Wayne Parry)

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This 2016 photo shows oysters grown in Middle Township, NJ. Oysters grown in New Jersey are not affected by the recall. (AP Photo/Wayne Parry)

Symptoms aren’t subtle; they will often include diarrhea, vomiting, nausea, and stomach pain. Fever, headache, and body aches are also possible.

The combination of diarrhea and vomiting can leave people severely dehydrated, especially young children, older adults, and those with other illnesses.

Most people sick with norovirus will recover within a few days. However, they should be careful around others because they can continue to spread the virus for another few days.

Report a correction 👈 | 👉 Contact our newsroom

Best Pasta in New Jersey

Here are the recommendations from residents.

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Gallery Credit: Bill Spadea

Best New Jersey Diners For Breakfast and Lunch

Thank you to our New Jersey listeners for these recommendations.

Gallery Credit: Bill Spadea





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‘Weekend Update’: Bowen Yang Returns As Unfairly Besieged Inanimate Object — This Time A Drone Flying Above New Jersey

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‘Weekend Update’: Bowen Yang Returns As Unfairly Besieged Inanimate Object — This Time A Drone Flying Above New Jersey


In a return to form, Saturday Night Live‘s “Weekend Update” featured Bowen Yang as another aggrieved inanimate object standing up for themselves (hat tip to previous performances as the Titanic iceberg and viral pygmy hippo Moo Deng).

During this week’s final episode of the year, with host Martin Short and musical guest Hozier, Yang portrayed a besieged and mysterious drone flying over New Jersey. Introduced by co-host Michael Che, Yang began without missing a beat, “Hey, wow, indoors — this is different.”

When asked by Che “what” he was exactly, Yang answered: “OK, no, we’re not gonna do that. See, I know what I am, and I don’t have to explain myself to anyone at any time for any reason.”

He continued, justifying his actions flying high in the sky for no discernible reason: “All y’all hate me ’cause I’m up. Everybody’s like, ‘Is it a UFO, is it military, is it promo for SNL 50?’ Meanwhile, I’m just minding my business, hovering over people’s homes, maybe filming them. Also, what is so threatening about random machines in the night sky? God, it’s like y’all have never been to Afghanistan before.”

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As Che relayed that the government has said the drones are probably “manned,” Yang quipped: “What’s this obsession with whether I’m ‘manned’ or not? For the record, I can get a man whenever I want. Trust me, there’s no problem there.”

He conceded, however, that he does have a boo: “I’m dating the helicopter from Succession, if you must know.”

In a rousing end, Yang as the drone broke out into song, mirroring the lyrics to Elphaba’s “Defying Gravity,” belting out that nobody is “ever gonna bring me down.” (Yang was a prominent cast member in this year’s blockbuster Wicked: Part One, opposite Ariana Grande and Cynthia Erivo, who portrayed Elphaba.)

“For what be a drone but a mirror to society — and potentially a killing machine?” he posited.

Outside of Yang’s appearance, co-hosts Colin Jost and Che rattled through a few timely jokes, including about alleged UnitedHealthcare shooter Luigi Mangione‘s recent arrival to New York City, which drew loud cheers from the audience. Jost joked that the cheers were for “justice” and that, relatedly, “Bumble exploded” upon his return to the city.

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Also, Che and Jost participated in their tradition of joke-swapping, during which Jost was forced to talk in a “Black voice” and poke fun at wife and actress Scarlett Johansson. Meanwhile, Che was forced to joke about being present at Sean Combs’ parties and comment on the rape allegations facing Jay-Z.

See “Weekend Update” below:



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