Much to the chagrin of California, New Mexico has emerged as a major draw for movies and TV shows in recent years. Credit a generous 25 percent film production rebate, favorable climate and an aggressive film office.
The state that bills itself it as "Hollywood’s Newest Home" is further ratcheting up the competition. With the support of a $10 million economic development grant from the state, developers are about to break ground on a major production studio just outside Santa Fe, the state’s capital.
The $25 million project, called Santa Fe Studios, will include two 18,000-square-foot soundstages and 27,000 square feet of warehouse space. It is expected to open by next fall.