Over the past few years, Atlanta has emerged as a major hub for film and television production. With its diverse landscapes, skilled workforce, and generous tax incentives, the city has attracted some of the biggest names in the entertainment industry. But what exactly is the economic impact of Atlanta’s booming film industry?

According to a recent study conducted by the Motion Picture Association of America, the film and television industry contributed over $9 billion to the Georgia economy in 2018. This figure includes direct spending on productions, as well as the ripple effects on other businesses such as hotels, restaurants, and transportation services.

One of the key drivers of this economic impact is the Georgia Film Tax Credit, which offers up to 30% in tax credits to productions that spend over $500,000 in the state. In 2018 alone, the tax credit program generated $2.7 billion in direct spending and created over 92,000 jobs in Georgia.

But it’s not just the large-scale productions that are benefiting from Atlanta’s film industry boom. The city has also seen a rise in independent filmmakers and content creators, thanks to the availability of resources and support from organizations such as the Atlanta Film Society and the Georgia Film Office.

In addition to the economic impact, the film industry has also brought cultural benefits to Atlanta. The city has seen an increase in tourism, as fans flock to see filming locations from their favorite movies and TV shows. And with the rise of streaming services such as Netflix and Amazon Prime, Atlanta has become a hotspot for original content production.

However, the rapid growth of Atlanta’s film industry has also raised concerns about issues such as gentrification and the displacement of local residents. As more productions set up shop in the city, housing prices have soared, making it difficult for some residents to afford to live in their own neighborhoods.

Overall, the economic impact of Atlanta’s film industry is undeniable. The industry has not only boosted the local economy but has also brought international attention to the city as a premiere filming location. As Atlanta continues to grow as a hub for film and television production, it will be important for stakeholders to address the challenges that come with this growth and ensure that the benefits are shared equitably among all residents.