Gov. Jared Polis recently signed a bill that will provide $34 million in tax credits to film festivals that choose to relocate to Colorado. The decision comes after the announcement that the prestigious Sundance Film Festival will be moving to Boulder starting in 2027. The bill, sponsored by several legislators, was introduced as an incentive for Sundance to choose Colorado as its new home over other potential locations.
The festival is expected to bring in $2 billion for the state over the next decade and will use Boulder’s venues and the University of Colorado campus for the event. Governor Polis expressed his excitement over signing the bipartisan bill, highlighting Colorado’s growing film industry and its positive impact on tourism and the economy. Representatives involved in the bill also expressed their enthusiasm for hosting the festival, citing the economic benefits and the opportunity to further establish Colorado as a hub for the arts.
Sundance Institute’s board chair and acting CEO expressed gratitude towards Colorado for supporting the festival, emphasizing the state’s significant role in fostering creative industries. The bill also includes tax credits of up to $5 million for existing or small Colorado film festivals. Overall, the move by Sundance to Boulder and the support from the state highlight Colorado’s commitment to becoming a top destination for film festivals in the nation.
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Photo credit denvergazette.com
