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The sound floors will also have the ability to create "thousands" of jobs, Cuomo said, although this may vary considerably depending on the production at a given time.
Not surprisingly, financial incentives are associated with the move. The state offers tax credits of up to $ 4 million over 10 years, but these credits depend on Netflix's ability to create the 127 promised office jobs and retain the 32 existing posts.
This move makes perfect sense for Netflix, as it will help it tap into New York City's vast entertainment sector. It will not have to go very far to attract the best talent from actors and producers. This also reflects Netflix's growing engagement in film and television production, a few months after the purchase of its first production studio complex.
For New York, it's as much about damage control as it is about economic recovery potential. The state suffered an embarrassing loss when Amazon gave up its plans to head to New York. The expansion of Netflix will not be comparable in scale, but it shows that large technology and media companies are still attracted to the region.
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