Is New Jersey’s Film Subsidy Worth It? with Dr. Charles Steindel

Welcome to the GSI Briefing podcast – hosted by Audrey Lane, president of the Garden State Initiative. In this episode, we’re joined by Charles Steindel Ph.D, who recently authored a report for GSI titled “New Jersey’s Film Tax Subsidy: Is it Worth it?”, which argues that the state’s much-ballyhooed film tax credit subsidies will never generate the economic growth sufficient to cover their cost. Dr. Steindel is a contributor of analysis on economic issues and government data reports for GSI and most recently served as a Resident Scholar of the Anisfield School of Business at Ramapo College. He was previously Chief Economist of the New Jersey Department of the Treasury and, previously, a Senior Vice President at the Federal Reserve Bank of New York.  Janet Yellen, former Chair of the Federal Reserve Bank, and current Secretary of the Treasury, said “Charles Steindel is a pro. He guided the Federal Reserve for decades on the interpretation of U.S. economic statistics.”