Florida Slash Pine
Although production has fled Florida for other states that offer generous filming incentives, producers still have a strong desire to return to the Sunshine State – they simply need a good financial “reason” to justify shooting here once again. The Florida Film Funds concept (FFF) provides that simple reason: come back to Florida and get a percentage of the capital you need at superior rates and conditions.
Rather than be subject to the ebb and flow of incentives, which are continually at risk to changes in political sentiment, the stronger course the Florida film industry can take is to build on market-based pragmatism and responsible lending. This is the fundamental principle to which the Florida FIlm Funds adheres.
These funds are designed to attract independent feature film and television projects in the $2 million to $8 million range specifically because projects of this size are subject to inflated costs for crew, gear rental, studio space, construction supplies, hotel rooms, permitting, and other essentials in states with a production overload due to their highly successful incentives programs. Every dollar matters for these projects and producers know that every dollar will go much farther in Florida, which creates a strong rationale for them to choose the FFF financing model over the tax credit game being played out elsewhere.
Florida Film Funds are evergreen funds that emphasize capital preservation and employ an early buy-out provision at below-market rates to stimulate reinvestment of valuable capital. Each Fund is structured to encourage repeated cycling of the original investment to new projects so economic impact is maximized, workforce stabilized, infrastructure strengthened, and the existing production base galvanized for expansion.
With their emphasis on capital preservation, the funds employ an early buy-out provision at below-market rates to stimulate reinvestment of valuable capital. They are structured to encourage repeated cycling of the original investment to new projects so economic impact is maximized, infrastructure developed, and a true production base created. Strict, industry-standard underwriting criteria assure that all available risk-mitigation procedures are in place. The concept combines responsible lending principles with industry-savvy oversight to minimize guesswork and limit risk, making motion picture financing a rational, structured business process based on consistency, self-sufficiency, and prudence.