News & Noticed: The Corporate World At Eye Level, www.corporateconnecticut.com
Showing posts with label NYC. Show all posts
Showing posts with label NYC. Show all posts

What It Takes, Growth In Challenging Times

Learn what lenders and investors think about risk and pricing in current market conditions at “Financing Your Growth In A Challenging Economy" a program sponsored by the Center for Economic Growth (CEG), Tuesday, March 10 at The Fort Orange Club, Albany, NY.

Panel discussion includes Todd Tidgewell, Nixon Peabody LLP; Michael Lasch, Pine Street Capital Partners; Gary Hull, Summer Street Capital Partners; David Barnitt, Attract Capital, LLC; Hugh Quigley, Dynabil Industries, Inc., co-founder and past president.

CEG is a private, not-for-profit, membership based economic and business development organization for the New York State’s Capital Region and Tech Valley, a region of more than 1.1 million residents.

Gain insight as to the best way to structure transactions for success; set expectations as to pricing and valuation; develop defensive capital structures. Learn how to think about acquisitions and growth in a slow growth economy.

The program is geared toward business owners and senior managers of companies with revenue more than $5 million, as well as service providers such as accountants, lawyers and consultants of mid-sized companies.

To register, ceg@ceg.org or call (518) 465-8975.

In Connecticut, check out "Creating Sustainable Value through Innovation" at the Soundview Club, Stamford, Feb. 24, noon.

The executive briefing will detail the opportunity that exists to help bridge the gap between the CEO's growth goals and actual performance using innovation.

Innovation is a critical driver of growth, yet only a small percent of companies effectively use it to sustain long-term, profitable growth. Jatin DeSai, CEO, The DeSai Group, West Hartford is the presenter.

For details contact Keith Reynolds, Cell Leader, keithrey@maxim.com or Paige Rasid, CTC, prasid@ct.org, (860) 289-0878.

Fee is $35 and registration is required.

Tax Incentive Grows Film, Digital Media


Film industry production tax incentives in nearby states versus Connecticut?

Connecticut passed a 30 percent film and digital media tax credit (which took effect in July 2006); New York, 30 percent (35 for productions in New York City); Massachusetts, 25 percent; Rhode Island, 25 percent (for projects more than $300,000), according to a report by New England Film. (The Screen Actors Guild offers a listing of all states and incentives offered in alphabetical order.)

A new private-sector group, Connecticut Production Coalition’s (CPC), supports the state tax incentive and wants to continue to build the "film, television and digital media sector" industry.

CPC founders: Howard and Karen Baldwin, Baldwin Entertainment Group; Chris Campbell, Palace Digital Studios; Tom Carruthers, Connecticut Film Festival; Ephraim Cohen, The Fortex Group; Brandon Curiel, Venan Entertainment, Inc.; Donna Elkinson, Elkinson + Sloves, Inc.; A. Searle Field, United Studios of America; Andrew Gernhard, Synthetic Cinema International; Bruce Heller, Connecticut Film Center; Mike Kuhar, VisualEFX; John Lanza, Kostin, Ruffkess & Co, LLC; Fred Litty, Sonalysts Media Group; Al Maiorano, Televersemedia; Mark Osora, Sheptoff, Reuber & Co, P.C.; Kevin Segalla, Connecticut Film Center; Jeff Taylor, Elements Post; Neal Thomassen, Annual Film Industry Mixer; and Ron Wishna, RM Studios, LLC.

“Connecticut is searching for ways to generate jobs, strengthen the economy and lessen its dependence on the crippled financial sector,” said Chris Campbell, owner of Palace Digital Studio and one of the 19 CPC founders. “As one of the few growing industries in the state, film and digital media are key to that effort."

In two years, according to a CPC news release, "91 film, TV and digital media productions have brought more than $600 million in direct investment to Connecticut, resulting in an estimated $1.5 billion in new economic activity . . . some 80,000 hotel rooms, permits, rented homes, buildings and parking lots from property owners; spending at hardware stores, printing shops, coffee shops, restaurants, dry cleaners, lumber yards, car rental agencies and many other community businesses."

The tax credit helped attract Blue Sky Studios (digital animation and creators of the movie Ice Age) to move to Greenwich, bringing along more than 300 jobs. Films shot in Connecticut include Revolutionary Road and Steven Spielberg’s Indiana Jones and the Kingdom of the Crystal Skull.

For an independent network for the industry see New England Film at www.newenglandfilm.com.