Governor Kathy Hochul as of late celebrated that greater than 100,000 low- or no-cost tickets were made to be had through Broadway and Off-Broadway productions taking part within the NYC Musical and Theatrical Production Tax Credit. The deeply discounted tickets, which may also be as low as $20, have been offered to participants of the network who would possibly now not differently have had the chance to enjoy a Broadway or Off-Broadway display. There are over 90 performs and musicals taking part in this system that constitute a minimum of $1.7 billion in spending and greater than 11,000 hires.
“New York is hitting a blockbuster milestone, with top Broadway and Off-Broadway productions making more than 100,000 discounted tickets available to New Yorkers,” Governor Hochul mentioned. “Broadway is central to New York’s identity as a global hub for arts and culture, and my Administration will continue supporting this industry through the transformative New York City Musical & Theatrical Production Tax Credit.”
Empire State Development President, CEO and Commissioner Hope Knight mentioned, “The arts in New York State, especially our Broadway and Off-Broadway productions, are one of our biggest assets, and one that every New Yorker should be able to experience. Today, we give our regards to Broadway, and the partnerships that have allowed us to reach this exciting milestone.”
Under the NYC Musical & Theatrical Production Tax Credit, Broadway and Off-Broadway productions are required to create and put in force a plan to be sure that their manufacturing is to be had and out there for low-or no-cost to low-income New Yorkers. Productions might paintings at once with the State to spot community-based organizations or tutorial establishments serving low-income citizens within the New York City, Long Island and Mid-Hudson areas to distribute tickets or paintings with a third-party spouse, such because the Theatre Development Fund, which in flip supplies low- or no-cost tickets to scholars, veterans, senior voters, people with disabilities, and different teams.
In addition to creating tickets extra out there, productions taking part in this system are required to take part in a New York State-approved range and arts task coaching program. Productions might paintings with pre-approved formalized fellowship systems from The Theatre Leadership Project or the Black Theatre Coalition or create a self-operated fellowship program for people from various backgrounds to learn how to paintings within the theater business. Through this requirement, 75 fellows from underrepresented communities were hired on productions.
TDF’s Managing Director Michael Naumann mentioned, “It has been an honor to develop the TDF Passport Series through the New York City Musical & Theatrical Production Tax Credit program with Governor Hochul and Empire State Development. It is TDF’s mission to make the theatre accessible to everyone and build new audiences. This program does just that – it allows New Yorkers, most of whom are first-time theatregoers who could not afford to attend Broadway and Off Broadway, to finally get the chance to enjoy live performance.”
The Broadway League President Charlotte St. Martin mentioned, “Governor Hochul is Broadway’s best partner in working to drive economic development while also diversifying our audiences and workforce. As we continue to bring tourists back to Broadway, we are including more members of our community in the audience and working backstage. Governor Hochul’s efforts, in partnership with the Senate and Assembly, have resulted in in our shows providing more than 100,000 low- or no-cost tickets to New Yorkers while also creating 75 diverse fellowships on Broadway. We could not be prouder of this effective and balanced effort by our Governor.”
The Theatre Leadership Project Founders Travis Ballenger, Barbara Broccoli, Patrick Daly, Alecia Parker and Lia Vollack mentioned, “The Theatre Leadership Project (TTLP) is grateful for the many ways we’ve been able to add value to the growing theatrical workforce in New York City for the last three years. We feel proud of the work we’ve achieved in partnership with the NYC Musical and Theatrical Tax Credit program and look forward to continuing the work ahead. Thank you to Governor Kathy Hochul for continuing this vital support.”
Warren Adams and T. Oliver Reid from the Black Theatre Coalition mentioned, “Black Theatre Coalition (BTC) is thrilled to continue our work with ESD for the 3rd year. When BTC was founded, Black professionals made up less than 1% of the workforce not related to acting, singing and dancing. The lived experiences and careers of our theater-makers have been enhanced and in some cases, made possible by BTC’s Fellowship program and our partnership with ESD.”
As a part of the FY 2024 New York State Budget, Governor Hochul secured a significant growth of the New York City Musical & Theatrical Tax Credit program to incorporate Off-Broadway productions, which might be primary individuals to New York’s reside leisure financial system.
Governor Hochul stays dedicated to supporting New York’s appearing arts sector – a essential a part of financial and cultural existence in New York and a key driving force of tourism around the state. Over the previous yr, Governor Hochul has awarded just about $210 million in grants for non-profit cultural organizations throughout the New York State Council for the Arts because of extraordinary investment secured within the State funds. Since April, Governor Hochul has introduced a complete of $132 million in capital grants for New York arts organizations to fund essential tasks that beef up the State’s various ingenious sector, together with over $90 million to toughen large-scale tasks that prioritize network construction and placemaking. Governor Hochul additionally awarded an extra $76 million in non-capital grants throughout the FY2023 Budget that equipped versatile investment to almost 3,000 cultural organizations and person artists. NYSCA is recently accepting packages for its FY 2024 Capital Projects Fund, and will announce just about $120 million in FY2024 grants over the following yr.
Governor Hochul additionally maintains a robust dedication to development New York’s thriving tourism business following her announcement that the state welcomed an historical 291.5 million guests producing greater than $78.6 billion in direct spending in 2022. The Governor introduced a $450 million “Bring Back Tourism, Bring Back Jobs” Recovery Package to toughen industries hit toughest through the COVID-19 pandemic just like the appearing arts and revitalize tourism statewide. The package deal incorporated: a $200 million Seed Funding Grant; a $100 million Tourism Worker Recovery Fund; a $100 million Tourism Return-to-Work Grant Program; a $25 Million Meet in New York Grant; and a $25 million I LOVE NY Global Marketing Campaign.