FlintTalk.com Forum Index > Political Talk Topic: Historic preservation generates 22,000 jobs, pumps $1.93B in

Author    Post   Ryan Eashoo F L I N T O I D Article in 12/21 issue of electronic newsletter "Rapid Growth" http://www.rapidgrowthmedia.com Copies of the full report are available from the Michigan Historic Preservation Network Contact info@MHPN.org . Development News December 21, 2006 Historic preservation generates 22,000 jobs, pumps $1.93B into economy In the last five years, $1.93 billion was privately invested in building restoration projects that leveraged Michigan's Rehabilitation Tax Credits (RTCs), generating more than 22,000 jobs across the state. That compares to a mere $819 million invested in RTCs over the previous 30 years, which generated 22,250 jobs. The projects ranged from small business development to multi-phase corporate investments, and spanned the state from downtown Detroit to downtown Calumet. A special report published by the Michigan Historic Preservation Network in November states, "Every $250,000 of private RTC investment leverages an additional $282,500 in indirect investment, $179,575 in household income, and six new jobs." The report listed several other important benefits: "Preservation of Michigan's historic resources enhances the quality of life of its citizens, the beauty of the state, and sustains a sense of place. Stewardship of Michigan's historic resources is best supported through private investment accompanied by public incentives. Adaptive reuse of Michigan's historic resources stimulates state and local economies through investment, job creation, and community revitalization." Source: Michigan Historic Preservation Network www.mhpn.org _________________ Flint Michigan Resident, Tax Payer, Flint Nutt - Local REALTOR - Activist. www.FlintTown.com Fri Dec 22, 2006 12:43 pm  Don Guest See instead of installing parking lots in the cultural center, we should start doing more historic preservation i think. Its obivous it creates jobs. Mon Dec 25, 2006 3:11 pm    Display posts from previous:   All Posts1 Day7 Days2 Weeks1 Month3 Months6 Months1 Year Oldest FirstNewest First

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