Tourism, Finance and Economy ministries approve grant allocations designed to develop Jerusalem’s film industry, bring Israel in general and its capital in particular to millions of screens around the world.
Israel’s Tourism, Finance and Economy ministries, together with the Jerusalem Municipality, have approved a grant to encourage the shooting of mega-budget movie productions and an international TV series by the leading NBC network in Jerusalem.
The grant allocations are designed to develop the film industry in the capital and to bring Israel in general and Jerusalem in particular to millions of TV and movie screens around the world.
According to the Tourism Ministry, this will strengthen the local TV and movie industry in Israel and bring significant investment into the areas where the shooting will take place, creating new employment opportunities and attracting investment and other productions.
The Ministry estimates that the series will make a significant contribution to revenue from incoming tourism and will positively affect the numbers of visitors to Israel.
The initiative involves an unprecedented partnership between the Tourism, Finance and Economy ministries, the Jerusalem Municipality and the Film and Television Fund in the Jerusalem Development Authority, bringing the capital into line with other major international cities that work to promote the movie industry and their international image.
The first slice of the grant – up to NIS 14 million (about $4 million) – will be shared accordingly: The Finance Ministry – NIS 4 million; the Tourism Ministry, Economy Ministry, Jerusalem and Diaspora Affairs Ministry – NIS 3 million each; and the Jerusalem Municipality – NIS 1 million.
In the second round of the grant, worth up to NIS 8 million, the split is as follows: Finance Ministry – NIS 1.9 million; Tourism Ministry, Economy Ministry, Jerusalem and Diaspora Affairs Ministry – NIS 1.7 million each; and the Jerusalem Municipality – NIS 1 million.
