Blue Sky Studios has announced that it is relocating its studio from White Plains, New York to Greenwich, Connecticut. The studio plans to have its 300 employees moved by the end of 2008. Additionally, thanks to the film-industry tax credits passed recently by the General Assembly, Blue Sky is eligible to receive up to 30% of their expenses exempted.
"This is an extremely positive development spurred by our belief that Connecticut could become 'Hollywood East,'" State Rep. Jeff Berger said. "The legislation and tax credits are part of our overall vision for economic development in the state. As Co-Chair of the Commerce Committee, I have always believed that our investment in the entertainment industry would pay off in the form of job growth."
According to Brian Keane, Blue Sky COO/CFO, the opportunity to re-establish the studio on one contiguous floor, rather than its current scattering over three floors in New York, was another benefit of the move.
"We very much look forward to coming to Connecticut," Keane said. "The state has taken the lead to create the necessary economic environment to make itself attractive to businesses like ours. Blue Sky expects to relocate all of its employees late in calendar 2008 after renovations have been completed."