“Keep it Here!” means keeping our creative energy in Florida. To accomplish this, our many professional actors and crew must be certain that enough work is coming into the state on a regular basis that they can make their living and grow their careers here at home – our support business owners must feel confident that in-state production will increase so they will add inventory and employees to meet future demand – our producers and directors and content creators must be optimistic of an expanding range of Florida-based outlets for their work – and our Florida film community must once again be energized about the future.
The key to “Keep it Here!” is consistency of production: instilling the certainty that projects big enough to generate real economic impact will produce in Florida on a regular basis year after year after year.
This campaign is the heart and soul of the Feature Florida Partnerships effort to bring motion picture production back to the Sunshine State. To this end, the primary FFP focus now is to assist in the creation of regional financing funds. These will be autonomous for-profit companies with their own management structure and independent ownership; Feature Florida Partnerships will be engaged on a consultancy basis only.
The vision is to establish independent companies that manage regional funds under a consultancy agreement with Feature Florida Partnerships. The first three funds will comprise the four-county South Florida region, the Tampa-Orlando corridor, and the Northeast Florida triangle of Jacksonville, Deland, and Daytona. Each will be privately controlled and free from state-level involvement, maintain an emphasis on preservation of capital, employ strict industry-standard underwriting criteria, and provide first-committed, first in/first out financing to feature film and limited episodic television projects in the $2 million to $8 million budget range.
As of June 2021, preparation of the private placement memo and various other documents required to solicit investment into these funds is nearing completion. We anticipate that the South Florida Film Fund One will be the first company created. Solicitation of investments into this Fund will be the priority over the summer with mid-Autumn 2021 the target date for start of operations.
With total capital of $3 million and the ability to engage 3 to 4 productions over the first two years, we anticipate rapidly increasing focus on Florida by production entities both domestic and foreign once this first Fund is off the ground.
Go the THE FUNDS to read more.