HISTORIC TAX CREDIT ALERT: ACTION NEEDED
The RI General Assembly has only until next week to introduce & pass legislation for the Preservation Historic Tax Credit.
The Pawtucket Foundation Board of Directors has resolved to support legislation to reinstate a state Preservation Historic Tax Credit, and we need your help to call our state legislators to get it across the finish line.
DID YOU KNOW?
- 67% of the major development projects completed in Pawtucket over the past decade leveraged historic tax credits
- In the same time period, over $123M in rehabilitation investments created hundreds of new jobs and businesses in Pawtucket.
- Pawtucket still has dozens of historic buildings and mills that could be revitalized with a new historic tax credit incentive
WHAT YOU CAN DO TO HELP:
- Call your local representative and
urge leadership to introduce an historic tax credit bill and VOTE for the bill that's introduced - Call Senate President Teresa Paiva-Weed (401-222-6655)
- Call House Speaker Gordon Fox (401-222-2447)
BENEFITS OF THE HISTORIC TAX CREDIT:
- The Historic Tax Credit helps to stabilize municipalities.
- It makes Rhode Island regionally competitive.
- It presents a LOW-RISK, HIGH RETURN investment.
- It will jumpstart construction jobs and attract long-term knowledge economy jobs.
- See specific evidence of how the Historic Tax Credit has helped Pawtucket
