O’Keefe Investment Banking woos California film dollars to Metro Detroit

Once Michigan raised its film incentives last year, millions of dollars in film industry investments have been announced. But Bloomfield Hills-based O’Keefe Investment Banking thinks this may just be the tip of the iceberg.The five-person firm, an offshoot of O’Keefe Associates & Consulting, is partnering with All Cities Media Group, a California-based networking firm, to explore making significant investment in Metro Detroit. The firms are meeting later this month to explore the utilization of equity investors, debt providers, tax credit lenders, buyers, attorneys, CPAs and wealth management groups. It could mean hundreds of millions in new California investment coming here.”We’re hoping to build the same base of potential investors that’s in California here,” says Jonathan LaBarre, O’Keefe’s head of investment banking.All Cities Media Group is a division of The All Cities Network, a business resource and referral group founded in Los Angeles in 1991. All Cities Media Group has had a hand in financing a number of movies, including “Good” (starring Viggo Mortensen), “The Hulk” and “Road to Purgatory,” the sequel to Tom Hanks’ “Road to Perdition.”Source: Jonathan LaBarre, head of investment banking for O’Keefe Investment BankingWriter: Jon Zemke