IFTA Awarded $248 000 Development Grant

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Sat, 11/13/2010 - 19:00 -- Nick Dager

In a move to enhance the global competitiveness of US film exports the International Trade Administration has awarded the Independent Film & Television Alliance $248 000 under its Market Development Cooperator Program IFTA President-CEO Jean Prewitt made the announcement.

 The multi-year award creates a partnership between IFTA and ITA through which the first American Pavilions will be established at two major film and television markets. These pavilions will provide exhibit space and marketing and technical support to US companies putting them on equal footing with other national pavilions. The first of those markets will be Hong Kong FILMART 2011. IFTA projects the Pavilions will generate $112 million in export revenues over three years for small and medium-sized companies creating 1 120 direct and 2 464 indirect American jobs.

“We are proud that MDCP recognized IFTA’s ability to help U.S. independent film companies compete more effectively in the global marketplace ” says Prewitt.
 IFTA www.ifta-online.org