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Latino Daily News

Tuesday April 16, 2013

Movie Productions Pumps $20 Million into Puerto Rican Economy

Movie Productions Pumps $20 Million into Puerto Rican Economy

Photo: San Juan, Puerto Rico

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Currently underway in Puerto Rico are several movie productions that will pump some $20 million into the local economy, the executive director of the state-run Puerto Rico Film Commission, Demetrio Fernandez, said.

Notable among the movies being shot is one by a film crew from Korea and another being made by a Frenchman working on a documentary about hurricanes, Fernandez, who has headed the state agency since early this year, said.

The Puerto Rico Film Commission attempts to spread the word abroad that the Caribbean island has all the advantages for moviemakers and right now is specifically targeting the European countries of France, Spain and Germany, the official said.

The state commission also promotes educational workshops on musical composition for movies, a project that seeks to involve the Puerto Rico Conservatory of Music, Fernandez said.

The enactment of Law 27 of Economic Incentives for the Film Industry in March 2011 proved so attractive to producers around the world that since then they have invested close to $80 million in Puerto Rico, government figures show.