Governor Newsom signed the expansion of a $750 million film and TV tax credit Wednesday to anchor productions in California.

Gov. Gavin Newsom (D-CA) touted the $750 million tax credit for film and television made in his state, calling it a “big part” of the “renewal” for Los Angeles. Newsom’s signature doubles the current tax credit of $330 million.

California Governor Gavin Newsom approves a boost to the state's Film and Television Tax Credit Program, now totaling $750 million, potentially generating $1.1 billion in economic output and 6,700 jobs.