Economic Incentives for Historic Preservation

Economic incentives for historic preservation are financial benefits or support that encourage property owners and communities to maintain and restore historic buildings. These can include tax credits, grants, or tax deductions, which reduce the financial burden of preservation efforts. The aim is to make it more affordable and attractive to invest in preserving historic sites, helping to maintain cultural heritage, boost local economies through tourism and employment, and enhance community character and property values. Essentially, these incentives align financial interests with the goal of protecting historic landmarks for future generations.