Preservation Tax Credits Sample Projects
Since July 2015, when the Job Creation and Main Street Revitalization Act went into effect, credits have been reserved for 59 commercial projects across Colorado. The projects have brought new life to vacant and underutilized buildings and revitalized surrounding neighborhoods. The economic benefits of commercial projects alone include over $180 Million in reinvestment, on both large and small projects, $14 Million in sales tax collected and 876 new after construction jobs generating $37 Million in added payroll. An additional 78 owner occupied residential projects have benefited from the credit.