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Arkansas Historic Preservation Program
Economic Benefits
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The results of a two-year study by the Center for Urban Policy Research at the Edward J. Bloustein School of Planning and Public Policy at Rutgers, the State University of New Jersey find that historic preservation has a tremendous impact on Arkansas’s economy. The study looked into the economic impact of the federal Historic Rehabilitation Tax Credit, the anticipated effect of a proposed state tax credit, heritage tourism, rehabilitation of historic properties, state historic preservation grants and the Main Street Arkansas program. All of the figures cited are in 2006 dollars. Click here for a pdf brochure of the findings. Click here for a synopsis of some of the major findings.

Click on the links below to read the complete study.

Executive Summary
Chapter 1 Analytical Background
Chapter 2 Historic Rehabilitation

Rehabilitation of historic properties like Chicot County's Lakeport Plantation adds $40.9 million to the yearly income of Arkansas families and generates $3.3 million in state and local taxes annually.

Chapter 3 Heritage Tourism

Heritage tourism destinations like the Hemingway-Pfeiffer Museum in Piggott support an $890.6 million dollar industry that supports 21,553 Arkansas jobs each year.

Chapter 4 Main Street Arkansas

Main Street Arkansas's downtown revitalization efforts bring $7 million in investment to downtown buildings and create 187 downtown retail and service jobs each year.

Chapter 5 Federal and State Tax Credits

St. Anthony's Hospital in Morrilton was rehabilitated using the federal Historic Rehabilitation Tax Credit. The credit leveraged $54.3 million for historic rehabilitations and supported 767 Arkansas jobs between 2000 and 2006.

Chapter 6 State Preservation Grant Programs

Historic Preservation Grant-supported projects like the rehabilitation of the Williford Methodist Church add $2.3 million annually to the income of Arkansas workers.

Chapter 7 Historic Property Valuation: Issues and Impacts

Appendix A Input-Output Analysis
Appendix B Bibliography

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