Historic preservation benefits Michigan’s economy

Michigan Historic Preservation Network has just commissioned a report
that documents the impact that historic preservation has on Michigan’s
economy and makes recommendations as to improving the state’s historic
tax credit program. The report visits the Lofts at Merchant Row as an
example of a successful preservation project.

Excerpt:

In the five years since MHPN issued its 2001 report, private investment spurred over $902 million to Michigan’s economy, for a total economic impact of more than $1.93 BILLION and the creation of more than 22,000 jobs.

These tax credit projects range from multi-phase corporate investments in single and multiple buildings, such as the Guardian Building in Detroit, to small business investment on Michigan’s Main Streets—places like Muskegon and
Calumet.

To download the full report, click here.