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Economic
Issues in Historic Preservation Web-Available
Studies on the Economic Impacts of Historic Preservation
Web-Available Studies on the Economic Impacts of Historic Preservation
Does historic preservation make economic sense? Does it result in economic benefits as well as esthetic and cultural benefits for communities? The answer is yes, based on a growing number of studies that quantify the economic impacts of historic preservation.
The following statistics from recent studies are typical of the positive findings of preservation's economic benefits:
- Historic preservation activities generate more than $1.4 billion of economic activity in Texas each year.
- Rehabilitation of historic properties in Georgia during a five-year period created 7,550 jobs and $201 million in earnings.
- Each dollar of Maryland's historic preservation tax credit leverages $6.70 of economic activity within that State.
- In one year, direct and indirect expenditures by heritage tourists in Colorado reached $3.1 billion.
The ACHP has compiled links to online studies on the economic impacts of historic preservation. The links to the studies fall into six categories:
General Studies
Statewide Studies
General Community and Resource Studies
Impacts of Historic Designation
Impacts on Property Values
Impacts of Preservation Tax Credits
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For further reading on the economic impacts of historic
preservation, the National Trust for Historic Preservation has compiled
the "historic preservation economic benefits research reference list"
of many publications that are not available on the Web. For more information,
contact the National Trust's Public Policy Department at policy@nthp.org.
Posted
October 9, 2008