Evergreen Podcasts Makes History as First Podcast Company to Receive Ohio Motion Picture Tax Credits
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Evergreen Podcasts (Evergreen), a Cleveland, Ohio-based podcast publisher, is the first podcast publisher to receive the Ohio Motion Picture Tax Credit (OMPTC) award.
CLEVELAND, August 07, 2019 /PRNewswire-PRWeb/ -- Evergreen Podcasts (Evergreen), a Cleveland, Ohio-based podcast publisher, is the first podcast publisher to receive the Ohio Motion Picture Tax Credit (OMPTC) award.
OMPTC was created in 2009 to encourage and develop a film industry in Ohio. The program provides a refundable, transferable tax credit. Eligible productions can receive 30 percent on production cast and crew wages, as well as other eligible in-state spending.
"This is a catalyst for our growth as a leading content creator in Ohio, and nationally. It's a once and a lifetime opportunity to fund our original shows catalog and expand our reach in the global podcasting marketplace," says David Allen Moss, Chief Creative Officer of Evergreen.
The credit may be taken against the tax for financial institutions, personal income or commercial activities. To be eligible, a production must spend at least $300,000 per project in the state of Ohio, in the production of entertainment content created in whole or in part within this state for distribution or exhibition to the general public.
"We now have an opportunity to make Ohio a global destination for film and theater," the Cleveland Film Commission said in a statement. "We look forward to collaborating with the Governor and legislature on expanding the tax incentive even further so that we can build a sustainable and permanent industry here in Ohio."
About Evergreen Podcasts
Evergreen Podcasts features a growing catalog of entertaining podcasts, rooted in high creative values and production quality. We are a community where people think big, capturing the color and diversity of modern makers. From entrepreneurs and musicians, to philosophers and artists, Evergreen is in the business of uniting audiences with boots-on-the-ground storytellers. We work with top brands and thought leaders to tell inspiring stories through branded content, original shows, and partner podcasts. Ask us how our comprehensive podcast production, creative marketing and distribution solutions can help connect your brand to a broader audience. Evergreen is a proud member of the Front Porch Media Network.
SOURCE Evergreen Podcasts
