Productions Supported by the NYC Musical & Theatrical Tax Credit Provide Low- and No-Cost Tickets to Low- and Moderate-Income New Yorkers
Governor Secured Major Expansion of NYC Musical & Theatrical Production Tax Credit in FY 2024 Budget to Include Off-Broadway Productions
Governor Previously Made Transformative $450 Million Investment to Bring Back Broadway and Revitalize Tourism, Leading to Historic Visitation and Tourist Spending in New York in 2022
Governor Kathy Hochul today celebrated that more than 100,000 low- or no-cost tickets have been made available by Broadway and Off-Broadway productions participating in the NYC Musical and Theatrical Production Tax Credit. The deeply discounted tickets, which can be as little as $20, were sold to members of the community who might not otherwise have had the opportunity to experience a Broadway or Off-Broadway show. There are over 90 plays and musicals participating in the program that represent at least $1.7 billion in spending and more than 11,000 hires.
“New York is hitting a blockbuster milestone, with top Broadway and Off-Broadway productions making more than 100,000 discounted tickets available to New Yorkers,” Governor Hochul said. “Broadway is central to New York’s identity as a global hub for arts and culture, and my Administration will continue supporting this industry through the transformative New York City Musical & Theatrical Production Tax Credit.”
Empire State Development President, CEO and Commissioner Hope Knight said, “The arts in New York State, especially our Broadway and Off-Broadway productions, are one of our biggest assets, and one that every New Yorker should be able to experience. Today, we give our regards to Broadway, and the partnerships that have allowed us to reach this exciting milestone.”
Read the full press release here.