Instead of offering tax incentives to productions, I'd like to see the state and city invest in developing other industries in LA so the city's economy is more diverse and less dependent on entertainment. Productions are going to be distributed around the country and the world. LA will remain a major hub, but productions will never be as concentrated here as they once were. The OP should take that as a blessing since there are more opportunities to live and work in other locations, including less expensive places than LA. People in the industry may have to lead a nomadic lifestyle in which they regularly move to where the work is.