HOUSTON, Aug. 10 (Xinhua) -- For the third year in a row, the film industry has broken its own record of direct spend into the economy of New Mexico State.
The Albuquerque Journal reported recently that the direct spend into the economy hits 505.9 million U.S. dollars, up from 387 million in fiscal year 2016.
In addition to that, the state also saw 52 productions with a budget of over 1 million, up from 30 in fiscal year 2016.
Governor of New Mexico Susana Martinez on Wednesday touted the work of the New Mexico Film Office, adding "we're proud of all our state has to offer, and pleased that our film industry helps us build on our momentum in growing and diversifying New Mexico's economy."
Analysts said that the stability of the tax credit program, an expanding and increasingly skilled local workforce and the support from the New Mexico film office are among the critical elements that have led to the thriving industry in the state.
