The Municipal Association of SC and Main Street South Carolina have released an on-demand video titled Economic Development Incentives: A Collaborative Process.
City and town officials often have a limited understanding of how federal, state and local tax credits can turn historic buildings in need of renovation from an apparent financial drain for a developer into a transformative development project. When these financial tools are overlooked by landlords, businesses and the development community, communities can struggle to reactivate commerce in their historic commercial districts.
The 25-minute video helps showcase the opportunities of national, state and local incentives to encourage the reuse of historic downtown properties. The new resource joins the Municipal Association’s Economic Incentives Toolkit.