Report Shows Historic Preservation Good for State Economy

Arkansas Historic Preservation Program - Tuesday, October 27, 2020

Report Shows Historic Preservation Good for State Economy

The combined use of historic preservation resources has significantly contributed to our state’s healthy economy, according to a report commissioned by the Arkansas Historic Preservation Program (AHPP).

“As good stewards of taxpayer dollars, it is important for Arkansas Heritage to measure the impact of historic preservation in our state,” said Stacy Hurst, secretary of the Arkansas Department of Parks, Heritage and Tourism and the State Historic Preservation Officer. “The survey done by PlaceEconomics clearly demonstrates that Arkansas’s investment in preserving our built history and using it as a tool for community revitalization is a model for the nation. Our practices have created heritage tourism opportunities, real jobs, economic gains and improved quality of life in Arkansas communities, large and small.”

Hurst adds that the report demonstrates how vital historic preservation is to the state’s economy by noting that in the last decade the Arkansas Historic Rehabilitation Tax Credit has attracted nearly $224 million in private investment for the rehabilitation of historic properties.

The AHPP recently commissioned the report by PlaceEconomics, a Washington, D.C.-based real estate and economic development-consulting firm, to determine the economic impact of historic preservation. The report looked at different but overlapping programs within the AHPP: Main Street Arkansas, the Arkansas Historic Rehabilitation Income Tax Credit and Arkansas Historic Preservation Program’s grants. The full report can be downloaded at .

Snapshots from the report include:

  • In the last decade, the Arkansas Historic Rehabilitation Income Tax Credit provided funding to help in the rehabilitation of more than 320 buildings in 24 cities.
  • Courthouses Restoration Grants have been utilized in 64 counties, preserving many buildings which would be costly to duplicate in modern times.
  • 74 of Arkansas’s 75 counties have benefitted from funding.
  • More than 2,400 grants have been given out by AHPP since 1979.
  • Main Street communities have invested over $377 million in buildings, infrastructure and public improvements, 78 percent of which has come from the private sector and created more than 3,900 jobs since Main Street Arkansas’s inception in 1984.

Main Street Arkansas is a leading advocate for downtown revitalization providing resources, education and professional assistance to spark life in Arkansas's downtowns. The Arkansas Historic Rehabilitation Income Tax Credit became state law in 2009 and allows Arkansans to claim a portion of their qualified historic property investment as a credit on their state income taxes. The AHPP serves as the state liaison between the property owners and the National Park Service, the federal agency that administers the federal Rehabilitation Tax Credit program. Other AHPP funding sources include Certified Local Government Grants, Courthouse Restoration Grants and Historic Preservation Restoration Grants.

“It’s truly impressive visiting one of our Main Street communities and seeing where the various programs have overlapped,” said Jimmy Bryant, director of the Division of Arkansas Heritage.

The report showcases examples in the cities of Batesville, Conway, El Dorado, Fort Smith, Helena, Hot Springs, Little Rock and North Little Rock.

“These examples highlight the impact we have on individual communities, businesses and families,” Bryant said. “Take for example Three Fold Noodles and Dumpling Co. in downtown Little Rock. This Main Street business invested over a million dollars in renovations using the state historic tax credit and used a Main Street grant to build an outdoor patio area. It’s collaborations like these that make us proud.”

“The governor has made economic development a priority for our state, and we’re proud to be playing a part,” said Scott Kaufman, director of AHPP. “The report truly shows that historic preservation is good business for Arkansas.”

Arkansas Historic Preservation Program (AHPP) is an agency of Arkansas Heritage. AHPP is responsible for identifying, evaluating, registering and preserving the state’s cultural resources. Other divisions are the Arkansas Arts Council, the Delta Cultural Center in Helena, the Old State House Museum, the Arkansas Natural Heritage Commission, the Mosaic Templars Cultural Center, the Historic Arkansas Museum and the Arkansas State Archives. Arkansas Heritage is a division of the Arkansas Department of Parks, Heritage and Tourism. 


Recent Posts


13th Amendment Classroom Presentation Turner Restoration Freedmen's Bureau Pike County Arkansas Main Street Texarkana Montgomery County Arkansas Main Street Searcy Downtown Revitalization Grants Tudor Revival Architecture Centennial Baptist Church Rosenwald Schools Ozark Farming Mississippi County Courthouse Osceola Benton Arkansas Pope County Arkansas African American education Trail of Tears in Arkansas American Legion Main Street Ozark Main Street Arkansas:Real Estate Transfer Tax Walks Through History Art Deco Architecture Arkansas Business History Huntsville Arkansas North Little Rock Arkansas Stearns/Gehring Chapel Cemetery Rustic Architecture "Let Freedom Ring" Travel Grants Arkansas religious history Sunken Lands Freedom Park Morrilton Arkansas Marked Tree Lock and Siphons Buffalo National River Main Street Siloam Springs St. Francis County Historical Society Main Street Arkansas Skillern House historic Arkansas properties Bogg Springs Arkansas U.S. Army Corps of Engineers Louisiana Main Street program New Century Club of Camden Central High School Neighborhood Historic District Monroe County Courthouse Little Rock Central High School Cemetery Preservation Library Paris Arkansas Houston Methodist Episcopal Church South Civil Works Administration cemetery preservation Free Lesson Plan Folk Victorian Architecture Miller County Delta Cultural Center Historic Preservation Alliance of Arkansas Sandwiching in History National Historic Landmark Arkansas History Kiblah School Mississippi County Arkansas Arkansas Humanities Council Historic Preservation Alliance Poinsett County Arkansas Montgomery County Courthouse Edgar Monsanto Queeny Parker-Hickman Farm Historic District National Register of Historic Historic Preservation Restoration Grants Rosston Arkansas Real Estate Transfer Tax Leake-Ingham Building Booneville Historical Preservation Society Evelyn Gill Walker House Russellville Arkansas Clarendon Arkansas Fayetteville Arkansas Arkansas Railroad History Helena Arkansas Arkansas Register of Historic Places Cumberland Presbyterian Church Pike County Courthouse Monroe County Arkansas Arkansas Civil War Sesquicentennial Commission Let Freedom Ring Erbie Arkansas Doddridge Arkansas Camden Public Library Madison County Arkansas Marked Tree Arkansas steel window restoration workshop Perry County Arkansas Naturalistic Architecture Elias Camp Morris Civilian Conservation Corps slipcover removal grants Main Street Dumas Arkansas Historic Preservation Arkansas Natural and Cultural Resources Council Old U.S. Post Office and Customs House U.S. Forest Service free history tours Booneville Arkansas Renaissance Revival Architecture most endangered historic places Abolition of Slavery Houston Arkansas White County Courthouse free teacher resources Free Cemetery Preservation Workshops Arkansas History Lesson Plans Pulaski County Courthouse News Release Dionicio Rodriguez Destination Downtown Conference 19th Century Road Construction Ouachita County Arkansas National Register of Historic Places Wingmead Arkansas Preservation Awards Camden to Washington Road Estes-Williams Post #61 American Legion Hut Phillips County Arkansas downtown revitalization Gothic Revival architecture Forrest City Cemetery Flood Control 13th Amendment Dr. Ruth Hawkins Duck Hunting Mosaic Templars Cultural Center Huntsville Commercial Historic District Nevada County Arkansas Bogg Springs Hotel Arkansas Tuberculosis Sanatorium Museum downtown economic development Monsanto Chemical Corporation Arkansas Design Network Saline County Arkansas Mississippi Main Street Association International-Style Architecture Main Street Batesville Pope County Courthouse County courthouse Restoration Grants cemetery preservsation Craftsman style architecture Forrest City Arkansas Camden Arkansas Burdette Plantation free historic preservation workshop Newton County Arkansas Little Rock Fire Station No. 2 Carlisle Rock Island Railroad Depot Arkansas African American Civil War History Barney Elias House Free Courthouse Poster Tolbert Gill Arkansas State University Heritage Sites Roe Arkansas Three States Lumber Company historic resort communities historic telephone booth historic architecture Conway County Library Mid-Century Modern Architecture Arkansas Historic Preservation Program Burdette Arkansas Henry Koen Office Building Historic County Courthouses Prairie County Arkansas Polk County Arkansas