ALBUQUERQUE, N.M. (KRQE) – One industry New Mexico has embraced is the TV and film industry. It has flourished, and once again, the Albuquerque and Santa Fe areas have been ranked among the best of the best by MovieMaker Magazine.
Albuquerque was ranked eighth best city among large cities to live and work as a moviemaker in 2017.
“With its generous 25-30 percent refundable tax credit with no minimum spend, Albuquerque maintains its stronghold in the Southwest,” the publication noted.
According to MovieMaker, criteria included “shooting days, number of productions, dollars generated, film community and culture (film schools, festivals, independent theaters, film organizations), access to equipment and facilities, tax incentives, cost of living and a general category that encapsulates lifestyle, weather, transportation and other socio-cultural markers.” That even included breweries per capita.
“The no-minimum spend on our tax refund is kind of a demonstration from the state that we want to treasure those relationships, but also there are stories within the Albuquerque community from independent filmmakers,” said Austin Madrid, an Albuquerque native and associate producer with the 48 Hour Film Project.
Gilbert Montano with the Mayor’s Office said, “In 2016 alone, we had almost $175 million of direct spend in the city of Albuquerque. That’s huge. That’s jobs. That’s catering. That’s construction work.”
This is not Albuquerque’s first appearance on the list.