You can now download the notes from the February 11 digital media public policy roundtable in Hartford, CT. The roundtable attracted a wide variety of more than 40 public and private sector leaders seeking to understand how to build a permanent digital media industry in Connecticut and generate high-quality jobs during an unprecedented economic crisis.
The notes, which can be downloaded as a PDF file below, outlines how public policy will impact businesses, jobs and careers, small business owners and entrepreneurs looking for business opportunities that result from industry public policies, educators seeking to develop a qualified workforce, and legislators and other public policy decision-makers seeking to create jobs and diversify Connecticut’s economy,
Participants focused both on the significant near term jobs and revenue growth potential of the digital media sector and identified the necessary components needed to realize growth in Connecticut with two key components standing out: the importance of the tax credit and the need to create a sustainable and qualified workforce. Here's a summary from the download:
DISCUSSION SUMMARY
- Digital media, which includes film, television, digital animation, visual effects and video game development, is a source of high paying jobs even when other parts of the economy weaken
- The three pillars to building the digital media industry are maintaining an attractive tax credit, providing education and training and building a sustainable workforce
- Public policy must maintain and build upon Connecticut’s current momentum in the sector
- Connecticut has developed its infrastructure and now needs to develop the workforce critical to attracting companies and building a sustainable industry
KEY FINDINGS AND TOPICS
A Growing Industry with Huge Potential:
- Digital media, which includes film, television, digital animation, visual effects and video game development, is a source of high paying, high-tech jobs in an industry with increasing importance growth in the global economy
- The digital media industry is recession proof and is one of the few still expanding at a double-digit rate today – the video game sector alone grew 23% nationally last year, generating $22 billion in revenue
- Digital media industry growth will explode as the previously disparate components of media conduits and content continue to converge at a rapid pace – film; television; video games; desk top and laptop computers; mobile devices; magazines; newspapers, the web and social media
- The industry’s model for cost recovery is much less than traditional media production and distribution, which will bode well for the acceleration of growth, profitability and job creation
Download the full report below for more.
| Attachment | Size |
|---|---|
| PPRoundtable Notes March6.pdf | 392.23 KB |
