Economic Development
Number of Digital Media businesses attracted through City and partner initiatives
| Result area: | 5 | |
| Objective: | 5-1 | |
| Strategy: | 5-1-1 | |
| This measure: | | Number of Digital Media businesses attracted through City and partner initiatives |
Why is this measure important?
Funding provided to businesses through the Digital Media Tax Credits help innovative digital media and software development companies of all sizes gain a competitive edge, which can contribute to business and job growth.
Definitions of key terms
Digital Media Tax Credits: Provides a 25.2% tax credit on qualified payroll for in-state labor and 18% for qualified production expenses for expenditures through June 30, 2018, and a 35% tax credit on qualified payroll for in-state labor and 25% for qualified production expenses for expenditures on or after July 1, 2018.
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Historical trend