Updates
Delaware Tax Credits Signed into Law!
"Gov. Jack Markell signed into law an extension of the Delaware Historic Preservation Tax Credits Program July 19, which has supported an estimated 2,400 jobs rehabilitating historic buildings across the state since 2001. Originally set to expire on June 30 of this year, the program has been extended for an additional 10 years."
Save America’s Treasures
Word is getting around about the Obama Administration’s decision to cut the Save America’s Treasures program. PlaceEconomics’ data comparing jobs created by historic preservation and those created by the stimulus package has played an important role in arguing the importance of SAT. Read the latest jobs report here.
State to use Madison in impact study: To focus on historic preservation (August 30, 2010) "Madison will be part of an updated state study on the economic impact of historic preservation...Madison Planning Director Monica Callahan showed Eaddy, study consultant Donovan Rypkema and his colleague Caroline Cheong around town last month. Along with Madison, Rypkema has also visited Savannah, Macon and Decatur, doing mini-case studies on the communities as part of the overall project." - Morgan County Citizen
Preservationists keen on protecting historic Mesa properties (June 30, 2010)
"I didn't think that was an area where the government should tread," Hawker said, advocating a free market approach...But Donovan Rypkema... said studies across the country have proved Hawker wrong. "Wherever it's been measured, the value is enhanced, not diminished" by historic districts, he said. "It's a protection, not just of history, but of the economic value of real estate." - AZ Central
What's next for preservation? (June 17, 2010)
"In 2009 in Nashville, Donovan Rypkema gave a talk at the Forum Luncheon entitled “Making Historic Preservation Relevant for the Next 50 Years.” In response to his speech, Forum put together the spring 2010 issue of Forum Journal – “What’s Next for Preservation? – in which five Forum members respond to Rypkema’s comments and offer their own interpretation of what is on the horizon for preservation." - PreservationNation blog
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Featured Project
PlaceEconomics recently completed an economic impact assessment of the state of Delaware’s Historic Preservation Tax Credit Program. Key findings included:
A commitment of approximately $35 million in tax credits has spurred private investment of over $166 million.
It has meant over 2,400 good jobs for Delaware citizens and added nearly $90 million in household income.
Dozens of Delaware’s historic buildings have been given new life. And this has meant quality space for small businesses, tax revenues for local government, and a renewed sense of pride in local communities.
The Delaware Historic Preservation Tax Credit, enacted as an economic development tool, has become one of the most effective programs advancing the Livable Delaware agenda.