Private Capital (MPC), a nationally recognized tax-advantaged
investment firm that develops, finances, and manages a diversified
portfolio of projects that generate federal and state tax credits, today
announced that due to steady growth, the Company is implementing plans
to further streamline its film finance division through a series of
actions. These actions will allow MPC to continue to expand their film
credit offerings while enhancing the taxpayer experience.
film division has seen significant growth over the past 10 years as
a substantial broker of tax credits to the film industry. The Company
has doubled the volume of tax credits brokered in the past six years and
is currently on pace to grow forty percent year-over-year. In the past
12 months alone, MPC has brokered credits that helped to produce over 70
film and television projects with most major studios, and small and
large independent studios. The growth is a result of increased state tax
credit programs and more interested buyers.
Anticipating cumulative growth ahead, MPC recently launched an
initiative focused on enhancing the taxpayer experience, which includes
integrating the film division’s back office with the robust operations
of its other tax divisions. Assimilating these divisions not only
enables a more streamlined process, but also provides access to
additional, knowledgeable resources which will provide taxpayers with
faster turnaround times.
In addition, MPC named Marco
Cordova to lead the film division during this expansion process.
Cordova is a recognized expert in the field of film tax credits and
movie production incentives with over 20 years of industry experience.
As Director of Film Finance and West Coast Tax Credit Investments, he is
responsible for overall planning, investment strategy and acquisition of
film, television and digital entertainment tax credits. In addition, he
is responsible for expanding MPC’s federal and state tax credit
placement and investment opportunities to Fortune 1000 companies and
large corporate entities with a focus on entertainment, historic,
renewable energy, and low income housing projects. Cordova’s extensive
tax expertise and deep knowledge of various tax credit programs, coupled
with being based in Los Angeles, will be instrumental in his success in
this expanded role.
“We’ve enjoyed tremendous growth in our film division which is largely a
result of the awareness and acceptance of state tax incentives for film
and television productions and we see even more opportunities ahead,”
said George L. Strobel II, Co-CEO & Managing Director of Tax
Credit Investments. “In order to enhance the taxpayer experience, we are
streamlining our internal processes while we also expand our credit
offerings. We’re excited to move Marco into leading the division, not
only because he has played an important part in our success but because
he has the breadth and depth of experience to help us develop the
products our investors are looking for.”
Prior to MPC, Cordova was with Entertainment Partners (EP) where he
worked with Fortune 500 companies, major studios, and Indie production
companies to place hundreds of millions in film and non-film tax
credits. Cordova was also instrumental in expanding EP’s service
offerings in over a dozen states and edited several international and
domestic production incentives publications. Prior to EP, Cordova worked
at Sony Pictures Entertainment, overseeing multistate taxes and film
incentives. Cordova started his career at Deloitte Tax and Arthur
Andersen, specializing in domestic taxes for the entertainment industry.
For more information on MPC’s film products, please contact Marco
Cordova by emailing email@example.com
or calling (213) 863-0718.
About Monarch Private Capital
Monarch Private Capital positively impacts communities by investing in
tax credit supported industries. The company is a nationally recognized
tax equity investor providing innovative capital solutions for
affordable housing, historic rehabilitations, renewable energy, film,
and other qualified projects. Monarch has long term relationships with
institutional and individual investors, developers, and lenders that
participate in these types of federal and state programs. Headquartered
in Atlanta, Monarch has offices and tax credit professionals located
throughout the U.S.
Monarch Private Capital