Massachusetts lawmaker wants tax incentives so that the state’s video game industry can thrive
Authored by Williams Pelegrin
Worcester, Massachusetts is a city populated by roughly 181 thousand people. It is also part of a state that has roughly 1,300 people employed in the video game industry, with the industry contributing around $1.8 billion to the state’s economy. It’s no wonder, then, that Massachusetts state representative John Binienda (D-Worcester) is pushing for more tax incentives for Massachusetts’ video game industry.
The bill in question, House Bill 2511, would expand the 25 percent tax credit given to the movie industry to also include game design and development in Massachusetts. Binienda, the bill’s lead sponsor, believes that, by doing so, it would allow individuals in the video game industry to more easily move on to bigger and better things:
With these incentives, Massachusetts will facilitate an ideal climate in which this industry can thrive. We are already doing well as a state in terms of training aspiring video game designers and developers. I adamantly believe, however, that this proposal will ensure that we retain the talented individuals we need here in Massachusetts to start companies, create jobs, and grow our economy.
The P.E. Perspective: If this hasn’t convinced you that the video game industry has become a major source of revenue for not just the country, but for states as well, then I don’t know what will.