50 Cent is breathing a sigh of relief after Louisiana decided to keep tax credits for film and TV productions in the state.
It originally looked like the Bayou State was going to eliminate the financial incentive for film and TV productions, where there is a 40 percent reduction on expenditure.
However, the Louisiana Senate Committee has now voted to retain the tax incentive, albeit lowering the cap from $150 million to $125 million.
50 Cent, who is developing his G-Unit Film & TV Studios in Shreveport, celebrated the state’s decision to keep the tax credit program.
He wrote on Instagram: “Man they had my ass sweating! WTF, we back in action watch. GLG GreenLightGang [film camera emoji] I’m coming with some heat.”
When the House of Representatives voted to terminate the tax credit earlier this month, 50 suggested that it would significantly affect his investment in the area, which has become a hotbed for film production in recent years.
The media mogul reacted to the initial news on Instagram, writing: “This doesn’t feel good but it could be great for Louisiana, patience let’s see how it plays out.”
He later added after it appeared more certain that film tax credits would be eliminated: “I know people in Shreveport are sick right now, stay positive everything happens for a reason. I want to thank you for supporting me with Humor Harmony having zero violent crimes for 16 days, believe it or not that made that event one of my biggest accomplishments.”
As well as film and TV, 50 Cent is planning to invest heavily in housing in Shreveport.
According to local NBC affiliate KTAL, 50 and his team have a “three-phase” initiative that will see the rapper invest directly into the people and the community.
He has already kicked off the first part of the process, which will see him revitalize a number of properties in downtown Shreveport.
Gerod Durden, the real estate broker helping G-Unit execute this revitalization process, told the news outlet that 50 Cent plans on buying and renovating about two dozen commercial properties.
“He is very passionate about the city,” Durden said. “I would say 10 or more properties that we’ve already closed a few of this week. It’ll be an additional 10 or so. These are all-cash offers. You know, there, there’s quite a few entertainment spots for not only adults and kids.”
He added: “He’s bringing a big jump park here. I mean, it’s a substantial size park. We’re looking at a grocery store in the immediate downtown Shreveport area, and those are ideas that we come up with together with the whole team. What can help the community?”
Naw, only person whose ass is sweating right now is Diddy
And speaking of 50 Cent in much more relevant important news here’s a Fun Fact: The 47 year old broke bum azz freelancing gossiper Bernadett the GOOFY Giac0mazzo donned in her hilarious Target clothes once appeared in a 50 Cent music video for the song OJ for a grand total of 2 nanoseconds NEARLY 20 YEARS AGO and to this very day laughably and beyond delusionally thinks her and 50 Cent are best buddies but here’s the reality of it…..50 Cent DOES NOT EVEN KNOW THE INSANELY DELUSIONAL BROKE AZZ B0 Z0 BERNADETT GIAC0MAZZO EVEN EXISTS JUST LIKE ALL THE REST OF HER OTHER CELEBRITY IMAGINARY FRIENDS 😭😭🤡🤡. EVERYBODY and they mama know that this barren old azz valueless hag Bernadett is a certified culture vulture fraud who has been FAKING, PRETENDING AND LYING ABOUT HER CREDENTIALS (SEE: ZERO CREDENTIALS) FOR TWO DECADES! Bernie G00fy spends her mornings wrltlng a bunch of irrelevant useIess junk that nobody ever reads on budget basement WOG and cellar dwelling RetailWire, her afternoons on the mean streets of Atlantlc Beach with a sign that says WILL BLOG A BUNCH OF BULLSHlT for some food stamps and her entire evenings drinking my plss and bath water. Yes, ladies n gents this is the luxurious life of Bernadett Giac0mazzo. Bernie knows damn well I OWN her and I would say dimming her light makes mine shine much brighter but as we all well know Barren Bernie G has NEVER had any light whatsoever to dim.
Bernie you’re a molehill but on Friday November 29th 2024 your day of reckoning imma make a whole mountain outta YOU ⚰💀⚰💀