labradore

"We can't allow things that are inaccurate to stand." — The Word of Our Dan, February 19, 2008.

Wednesday, January 13, 2010

Have you really, really heard...

... about Our Dear Equity Investment? The Comms Shop continues its due diligence in securing the votes of everyone associated with Republic of Dile unrelentingly reminding the entire universe of Our Patronage of the Arts:
Budget 2009: Building on Our Strong Foundation provided $1.5 million in film equity funding to Republic of Doyle. The size of the production will also enable producers to avail of up to $3 million through the Newfoundland and Labrador Film and Video Tax Credit. The value of economic spin-off resulting from the production is estimated at about $11 million.
Mkay... $4.5 million in direct and indirect provincial public support, to generate "about $11 million" in economic activity?

How much provincial public revenue is that "about $11 million" generating, a body might wonder? Is it greater or lesser than $4.5-million?

And what's this now:
In the past six years, from 2004 to 2009, the Government of Newfoundland and Labrador has invested more than $24 million to film production activity which, in turn, has enabled approximately $67 million to be leveraged from other public and private sources.
That is to say... more than a quarter of the money going into the industry is from the provincial public treasury. And, of the 74% that is not provincial public money, a curiously vague amount ("leveraged from other public... sources") is also from the public purse of other, unspecified, jurisdictions.

Oh, look! A pie chart!

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1 Comments:

At 11:19 AM, January 14, 2010 , Blogger Mark said...

Fun exercise:

Get 20 people to stand in a circle.

Everyone writes a cheque, or hands over cash, in the amount of $100 to the person standing to their left.

Everyone receives a cheque, or cash, in the amount of $100 from the person on their right.

Everyone leaves the circle have gained or lost nothing, but with the smug satisfaction that they patriotically generated $2000 in "economic activity".

With that in mind, can we all please stop using the "generated economic activity" line. It's a completely meaningless measure of anything.

 

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