Sen. Mary Landrieu announced Friday that the City of Shreveport is getting a $1.2 million grant to support the city's growing film industry.
"That $1.2 million dollars gives us the opportunity to seek up to an additional $5 million dollars in investment made by the folks from Millennium as they continue on with the next phases of Millennium Ledbetter," says Shreveport Mayor Cedric Glover.
The grant money comes from the U.S. Economic Development Administration to build storm drainage infrastructure to support Millennium Film Studios. The funding is expected to create 50 jobs and, as Glover says, help the city get $5 million more in private investment.
"With their Oscar win, Moonbot studios showed the world that the Shreveport film industry is a force to be reckoned with. These funds will provide for important infrastructure improvements that will help this sector to continue to grow and thrive," Landrieu says.
The grant also should act as "a catalyst for redevelopment in downtown and the Ledbetter Heights community,'' Landrieu adds.
Sunday, August 31 2014 3:28 PM EDT2014-08-31 19:28:29 GMT
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