This is a polarizing issue because it's got some good and bad by raising our tax credits in this industry. I understand that, on the one hand, this is a race to the bottom and something must be done to address this. On the other hand, this also give us a lot of jobs that people need. However, I believe it's also worth pointing out that more productions here also mean more post-productions (Visual effects... etc). The reason being that directors and producers generally like being around for the post productions to make sure everything goes as they want. As such, there may be a multiplying factor in this, benefiting more people than just in the film productions and video game industries. There are pre-productions and post-productions that need to be considered for this as well.
In conclusion, this is a good day for the many film and art students here in Vancouver. VFS, Emily Car, Capilano, UBC... etc must be all celebrating