DENVER — Colorado’s film industry could surpass $1 billion in annual sales and grow into a nationally attractive scene for filmmakers if legislators can commit to offering more economic incentives, according to a study released by the state this week.
While Wyoming, New Mexico and Utah offer healthy incentives and production rebates that have made them popular filming locations for TV and movies, Colorado’s program has languished for years with little funding. That could change if the Colorado Office of Film, Television and Media had a bigger budget to offer prospective clients, according to the study.
“For more than a decade, Denver and Colorado’s filmmaking artists and professionals have been building growth and delivering a massive return to the city and state, despite considerable challenges,” said John Van Wyck, Cine Fe executive director and the study’s researcher. “This study shows what will become possible when we start investing time, attention and resources to help them grow.”
