Monday, July 30, 2012

Film and Tourism: A Dynamic Duo for Oregon's Economy

A couple of articles from The Oregonian shed light on two of the state's comeback industries: film and tourism.

Spending on TV shows more than doubled over the past few years, growing from $62 million to $130 million between 2009 and 2011. In addition to three television series, several movies and animated films have recently been shot or produced in Portland. The article reports that incentive programs, including rebates and wage reimbursements, draw filmmakers to the area. For more details on the economic impact of the film industry, see the full story.

The second article highlights Oregon's tourism industry, and discusses growth throughout the state. Lodging revenue picked up in 2011, increasing 5.4 percent over 2010. The Portland metro area saw the largest gain at 9.4 percent, followed by the Willamette Valley and Eastern Oregon (each at 5.6%). The Coast was the only region in decline, with revenues dropping 0.6 percent between 2010 and 2011. Oregon's tourism agency, Travel Oregon, is funded by a 1.0 percent room tax, which earned the organization $11.5 million this fiscal year.

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