The Annual Report on the Economic Impact of the Federal Historic Tax Credit for FY 2012 analyzes the economic impact of the HTC program since its inception and concludes that it is a highly efficient job creator—accounting for the creation of over 2.3 million new jobs over the life of the program, 57,783 of which were generated in FY 2012. It also underscores the need for additional legislation to strengthen the federal credits, making them more widely available for smaller projects and also encouraging their use for green and sustainable rehab projects. Talking points/handout document can be accessed here.
The study was conducted by researchers at the Rutgers University Edward J. Bloustein School of Planning and Public Policy, in collaboration with the National Park Service.
Access the full Annual Report on the Economic Impact of the Federal Historic Tax Credit for FY 2012 here: