Netflix is opening a production hub in New York City, bringing hundreds of jobs and up to $100 million in investments to the city.<\/p>\n
The production hub will include an expanded office in Manhattan that will create 127 executive content, marketing and production development jobs over the next five years, and six sound stages in Brooklyn with the capacity to hold thousands of production crew jobs within five years. This is\u00a0in addition to Netflix\u2019s 32 current New York-based employees.<\/p>\n
To support Netflix\u2019s creation of 127 high-paying office-based jobs by 2024\u2014and to compete with other cities under consideration\u2014Empire State Development has offered up to $4 million in performance-based Excelsior Tax Credits over ten years, which are directly tied to job creation. To receive the full incentive, Netflix must create the 127 jobs by 2024 at its new executive production office and then retain those new jobs and their existing 32 office jobs for another five years.<\/p>\n
\u201cNetflix is innovative, creative and bold\u2014just like New Yorkers\u2014and the expansion of this cutting-edge company in New York once again demonstrates the Empire State is open for business,\u201d said New York Governor Andrew M. Cuomo. \u201cWe\u2019re proud Netflix chose New York to grow its business, and we look forward to the jobs, economic activity and world-class productions this project will bring.\u201d<\/p>\n
\u201cAs a leading provider of streaming services in America and around the world, Netflix\u2019s expansion in New York is a significant milestone, creating the potential for thousands of jobs,\u201d said Lieutenant Governor Kathy Hochul. \u201cThe new production hub will add office space and sound stages in Brooklyn, advancing the tech and entertainment industry in the area and continuing to invest and grow the economy of the entire state of New York.\u201d<\/p>\n
Jason Hariton, director of worldwide studio operations and real estate at Netflix, said, \u201cNew York has created a film-friendly environment that\u2019s home to some of the best creative and executive talent in the world, and we\u2019re excited to provide a place for them at Netflix with our production hub.\u201d<\/p>\n
Empire State Development president, CEO and commissioner, Howard Zemsky, said, \u201cThanks to Netflix, online streaming has become as commonplace as cable television, and maybe even more accessible\u2014and their decision to expand in New York is a validation of our work to support and develop New York\u2019s technology, entertainment and production industries.\u201d<\/p>\n
John Ford, president of Motion Picture Studio Mechanics Local 52, I.A.T.S.E., said, \u201cHardworking crew members are the foundation of New York\u2019s film industry, and this project invests in their future. These talented individuals work every day to ensure productions go off without a hitch\u2014and they have no bigger supporter than Governor Andrew Cuomo. I\u2019d like to thank the Governor for helping bring Netflix\u2019s new hub to New York City.\u201d<\/p>\n
Tom O\u2019Donnell, president of Theatrical Teamsters Local 817, said: \u201cThere are few companies in our industry that are as forward-thinking as Netflix. With this news, we\u2019ll continue to add solid, middle-class jobs to already record employment. The climate for this to happen would not exist without the wildly successful New York State Film Tax Credit Program\u2014and I applaud Governor Cuomo for his foresight and continued support.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Netflix is opening a production hub in New York City, bringing hundreds of jobs and up to $100 million in investments to the city.<\/p>\n","protected":false},"author":350,"featured_media":9390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[204],"class_list":["post-9389","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-top-stories","tag-netflix"],"yoast_head":"\n