Message #144
From: AzTeC SW Archaeology SIG
To:   "'Matthias Giessler'" 

Date: Sunday 19 April 1998
Subject: The Economic Impacts of Historic Preservation

http://www.state.nj.us/dep/njht/features.htm#impact study

Economic Impact Study: Jobs Income Wealth Taxes,
Partners in Prosperity -- The Economic Impacts of
Historic Preservation

The results of a recent economic study, conducted by
Rutgers University, bear witness to the profound impact
historic preservation can have on local and statewide
economies.

The substantial economic impacts from the Rutgers-estimated
$123 million in annual statewide historic rehabilitation
(1994 base year) are translated by the study's input-output
model into multiplier effects on the New Jersey economy.
In New Jersey, on an annual basis, 2,316 new jobs were
created, $81 million in income were generated, more than
$15 million in state and local taxes were collected, and
$116 million in Gross Domestic Product (GDP) resulted from
this investment for a total of $93.5 million in Gross State
Product (GSP--which is the GDP less federal taxes).
According to the Rutgers study, the $5 million committed
from the Revolving Loan and Bond Programs of the New Jersey
Historic Trust will leverage benefits of about $247 million
in wealth to the state. Over $222 million of this wealth is
in income, while 6,200 person-years of work are created. View
the recent press release on this study for more information.
A booklet, Partners in Prosperity, which summarizes the
findings of this study, is now available. Contact us to
request a copy of this publication. If your web browser is
configured to read Adobe Acrobat files online, you can take a
look at the web version of this summary booklet. If you have
an Acrobat Reader, you can download this document (but it is
a large file (2M), so it may take a while). The text of the
full study is available to download directly from this site.
The entire document is rather large (1.5M), so you may also
choose to download particular chapters instead. ( The
appendices, which list the data used by the researchers, are
included in the full report only.) You will need Adobe
Acrobat in order to open and view these files. This free
software is available from Adobe. The following files are
available to download:

Executive Summary (52K) of the Study 

CHAPTER ONE (48K): Background to the Analysis of the
Economic Impacts of Historic Preservation 

CHAPTER TWO (51K): Profile of, and Direct Economic
Impacts from, Historic Rehabilitation 

CHAPTER THREE (82K): Total Economic Impacts from
Historic Rehabilitation 

CHAPTER FOUR (102K): Profile of, and Direct Economic
Impacts from, Heritage Tourism 

CHAPTER FIVE (60K): Total Economic Impacts from
Heritage Tourism 

CHAPTER SIX (170K): Profile of, and Direct Economic
Impacts from, the Operations of Historic Sites and
Organizations 

CHAPTER SEVEN (64K): Total Economic Impacts from the
Operations of Historic Sites and Organizations 

CHAPTER EIGHT (70K): Historic Property Values and
Property Tax Payments 

CHAPTER NINE (153K): Putting the Economic Impacts of
Historic Preservation in Perspective 

FULL STUDY (1.5M) with all chapters and appendices