Innovation relies on ideas and methodology that have already been tested. It takes those ideas and methodologies and pushes them to new understandings and ground-breaking discoveries. Innovation drives our American economy in the twenty-first century, and historic buildings have increasingly become the birthplace of leading innovation and technology.
Yesterday in Boston, the National Housing & Rehabilitation Association (NH&RA) presented nine prestigious “Timmy” Awards. This is the 11th year of the program that honors the memory of Boston architect, educator and preservation advocate, Timothy J. Anderson and acknowledges outstanding real estate projects that transform older, historic buildings into new uses with historic tax credits.
Good news came in the last few weeks from the North Carolina legislature! A revised tax credit program combining the HTC and Mill Tax Credit programs was included in the budget bill recently passed by the legislature and signed by Governor McCrory.
State tax credit programs come in many shapes and sizes, but one commonality is the economic impact they have of bringing investment to historic cities throughout a state.
Developed by our client, Baltimore-based Wexford Science and Technology, the $105 million project will create 350 new high-paying jobs in the heart of Winston-Salem.