Our Successes
Steiner Studios
Working with Steiner Studios, OA initiated discussions to establish a New York State Film Production Credit to promote film and television production in New York State. The program began in 2004 with an initial funding of $25 million for four years.
Building upon the success of the program, OA worked to secure an increase in the film tax credit to $420 million per year for the following five years. In 2014, we were successful once again securing $420 million per year for another five-year period extending to 2019 and extended once again until 2025.
In our continued work with Steiner Studios, we have assisted them in obtaining a substantial amount of capital funding used to facilitate Phase III of the Steiner Studios expansion which created a 50-acre Media Campus at the Brooklyn Navy Yard. In turn, this funding leveraged $304 million in private investment and created an additional 2,200 jobs.