Gateway Cities caucus examines the fiscal benefits of the state historic tax credit

The Gateway Cities caucus got off to a strong start for 2012 with a very well attended presentation from Ted Carmen, representing the Public Private Partnership Committee of the Urban Land Institute. Ted made a powerful argument that the state’s historic tax credit should be recognized first and foremost as contributing to job creation. Citing research that suggests every two units of housing produced above the state’s business as usual level leads to one new job, Carmen demonstrated that the historic tax credit is at least revenue neutral under conservative assumptions.

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