Maryland Film Production Tax Credit Economic Impact Study (2014)

Abstract: Study prepared by the Maryland Department of Legislative Services (DLS) to evaluate the State’s film production tax credit according to the following: (1) purpose for which the tax credit was established (2) whether the original intent of the tax credit is still valid (3) whether the tax credit is meeting its objectives (4) whether the goals of the tax credit could be more effectively carried out by other means (5) the cost of the tax credit to State and local governments.


Sochi Winter Olympics Economic Impact Study 2014

Abstract: “Abstract: This paper assesses the outcomes of the 2014 Winter Olympic Games in Sochi, Russia, examining the costs and economic impacts of the event, the prospects for the long-term use of venues and infrastructure, and the attitudes of the global and the Russian population. Total costs were USD 55 billion, having increased 4.5 times from USD 12 billion at the time of the bid. Of this total, about USD 16 billion were sports-related costs. After accounting for inflation, this makes Sochi the second-most expensive Olympics ever in terms of sports-related costs and the most expensive Olympics in terms of cost per event. With a public share of 96.5 percent of funding, the Sochi Games had the highest proportion of public money for any Olympic Games on record. The benefit from this high cost, however, is limited. Extensive construction led to hotel overcapacities, investors defaulted on state-backed loans, and there is no coherent plan for the after use of venues and some of the largest infrastructure projects. As a consequence, the Sochi Olympics will continue to be a burden for the Russian state, with expenses
for operation, maintenance, and foregone interest and tax revenue in the order of USD 1.2 billion per year. The event also did not manage to improve the image of Russia in the world. Among the domestic population, support dropped over the seven years of its implementation, most notably among the local population.”


Living Wage Economic Impact Study 2015

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