Historic Tax Credits Bring Jobs, People to Downtown Cleveland

East 4th Street in Cleveland

In 2016, few places commanded the national and international spotlights as much as Cleveland – as host to the NBA championship series, the Republican National Convention and finally, the World Series. In addition to these moments, Cleveland has quietly been crafting another story to tell – the resurgence of its central business district. Much of the credit for the office-to-residential conversion in Cleveland’s central business district, goes to the strategic use of federal and state historic preservation tax credit programs, which leverage public tax credits to attract private investment.

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