GREENVILLE, N.C. (WNCT) – North Carolina’s Department of Natural and Cultural Resources Secretary Susan Kluttz toured areas of Greenville Monday, praising the success of the state’s historic tax credits.
Since the mid-1990s, Greenville has completed 13 projects and invested more than $10 million thanks to the program. Kluttz said tax credits have encouraged billions to be invested across the state.
It is money that is going particularly to downtown areas in need of revitalization.
“For old buildings to be brought back in cities and towns, the numbers just don’t work for developers without it,” she said. “So it’s really an incentive for them to take on these projects.”
The tax credit program was allowed to expire by lawmakers in 2014. But, following a tour of the state, Kluttz said cities and towns sent a clear message to lawmakers that the program was needed.
She also spoke to the city council during Monday’s meeting to thank them personally for their work.