The Commonwealth of Pennsylvania, through the Pennsylvania Historical and Museum Commission and in cooperation with Preserve Pennsylvania, recently put together a report outlining the economic impact that historic preservation can have in an area.
The report estimates that from 1978 to 2010, the Historic Rehabilitation Tax Credit program has, among other things, resulted in $17.1 billion in total economic
impact and supported 148,000 jobs. The Pennsylvania Historical and Museum Commission projects that a state
Historic Rehabilitation Tax Credit would create
an additional $130 million to $270 million in economic impact and 1,200 to
2,300 jobs annually.
Aside from the financial impact that historic preservation can play in a community, there are numerous qualitative impacts as well: aesthetic enhancement, educational, environmental sustainability, revitalization and stabilization.
The full report can be accessed from the following:
Economic Benefits of Historic Preservation
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