PROVIDENCE, R.I. (WPRI) — While more major production companies are gravitating toward Rhode Island, the state has had to turn away several projects due to its annual cap on film and TV tax credits. Several productions are already in the works, including a psychological romance from award-winni ng director M. Night Shyamalan starring Jake Gyllenhaal. Filming is scheduled to begin this summer entirely in Rhode Island. RELATED: M. Night Shyamalan, Jake Gyllenhaal movie to film in RI On Tuesday, the State Properties Committee approved a request from production company Binding Edge Pictures to use the Cranston Street Armory from May through the end of the year. The film is expected to create around 400 full-time jobs and hire thousands of extras. Another recent project that made it to the Ocean State is Gordon Ramsay’s upcoming reality series "Secret Service," which filmed at Crazy Burger in Narragansett earlier this month. While these are exciting opportunities to showcase Rhode Island, other productions have had to look elsewhere after the state hit its annual $20 million tax credit cap. SEE ALSO: Crazy Burger duped into new Gordon Ramsay show Rhode Island Film and TV Office Executive Director Steven Feinberg said the cap for 2025 was reduced from $40 million because not all credits were used last year due to the writers' and actors' strikes. "I've turned away Academy Award winners. I've turned away TV series because we don't have enough credits," Feinberg said. A new Hallmark holiday movie set in Newport was ultimately filmed mostly in Connecticut due to the lack of available credits. Feinberg said he's not currently pushing for legislative changes to the cap because of federal budget cuts and ongoing uncertainty, but he remains hopeful about pursuing an increase next year. NEXT: Filming wraps in RI for Rod Serling documentary Download the WPRI 12 and Pinpoint Weather 12 apps to get breaking news and weather alerts. Watch 12 News Now on WPRI.com or with the new 12+ smart TV app. Follow us on social media:                     Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Daily Roundup SIGN UP NOW ...read more read less