North Carolina beat out California, New Mexico, and Michigan, along with Canada, for the production.

Perdue says that sealing this deal keeps the state's film industry relevant to Hollywood studios. She also says that even though film jobs aren't permanent, Iron Man will have a lasting effect on the area.

"Film jobs continue to find new jobs as more movies come. And so, the fact that we have a film like this one, Iron Man 3, means that this industry is alive and well and that while they're shooting that production, there will like be another movie that we recruit and land for southeastern North Carolina."

Governor Bev Perdue made the announcement at Screen Gems Studios Thursday. She says the movie will have an $80 million impact on the local economy. Screen Gems President Chris Cooney says North Carolina beat out several other states and Canada because of its film incentives and state-of-the-art equipment.

"We built a stage that's 40,000 square feet to attract blockbuster films. We didn't do it to attract small television shows. Very few studios have the footprint that we have, which is ten stages on 50 acres. That's big enough that Marvel, with their kind of movies, can come right in, plug and play, and make the film that they want to make."

Cooney says that with so much space, Marvel crews can design sets for all the different characters and move from one stage to another seamlessly. Production will take ten months and the movie will star Robert Downey Jr.

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