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YPA Releases New Report: Historic Preservation Creates Jobs!

Date: 5/20/2010

On May 20, 2010, YPA and Pennsylvania Works! released a new report that details the economic impact of historic preservation in southwestern Pennsylvania. The report, called “The Economic Impact of Historic Preservation in Southwestern Pennsylvania,” demonstrates the power of historic preservation to stimulate investment, generate taxes, create new housing units, and create jobs for Pennsylvanians that cannot be outsourced.

The report shows that in ten counties in southwestern Pennsylvania, over a five-year period, 2004 to 2009, historic preservation projects created:

$475 million total investment,
$65.6 million in taxes generated,
1,204 new housing units,
5.2 million square feet of space, and
3,042 permanent jobs.

The report measured the economic impact of historic preservation among YPA’s list of the Top Ten Best Preservation Opportunities, historic Main Street and Elm Street communities, and federal historic tax credit projects.

At a time when jobs are paramount, there’s no better way to stimulate the economy than through reinvesting in our core communities and historic structures.

Download a copy of the report here: Economic Impact in SW PA

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