New Study Released on Economic Benefits of Historic Preservation in Connecticut
The Connecticut Commission on Culture & Tourism has released a new economic impact study that demonstrates the value in investing in Connecticut’s historic buildings. Prepared by PlaceEconomics, Inc., the leading national expert in the economic benefits of historic preservation, the study shows over $450 million in private sector investment in the rehabilitation of historic buildings; $242 million in direct salary and wages from rehabilitating historic structures; and over 400 units of housing created just in the last decade.
Read Investment in Connecticut: The Economic Benefits of Historic Preservation
Governor Signs Historic Rehab Tax Credit into Law
Thousands more historic buildings now qualify for Connecticut’s state historic rehab tax credits, due the efforts of Connecticut Preservation Action, the Connecticut Commission on Culture & Tourism and State Senator Gary LeBeau (D-East Hartford) and Rep. Jeff Berger (D-Waterbury). The new law, signed by Governor Malloy, expands the types of “certified historic structures” eligible for the state tax credit program and is expected to lead to job creation and preservation and reuse of historic structures. Read press release by Connecticut Preservation Action.
> Historic Rehab Tax Credit 2011
2010 Transportation Policy: A Road Map for Connecticut’s Next Governor
It’s said that “failing to plan is planning to fail.” Connecticut is reeling from the impacts of an ad hoc, unplanned approach to transportation policy that, by default, has made roads and suburban sprawl a priority over creating thriving communities. As a result, Connecticut faces congestion that threatens its economic competitiveness, road and bridge conditions among the worst in the country, limited walking and bicycling infrastructure, and mass transit systems that can’t keep pace with demand.
CT Main Street Center has endorsed this policy.