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Minnesota Jobs Bill Passes, Creates Incentives for Development

From April 8, 2010 Angle

 
 

On April 1, Minnesota Governor Tim Pawlenty (R) signed HF 2695 into law. The “jobs bill” provides tax credits for historic building renovations and incentives for investment in small businesses. Beverly Hauschild-Baron, executive vice president of AIA Minnesota, co-chaired a coalition – comprised of more than 40 organizations and cities – that worked for two years leading up to the passage of the bill. 

Enactment of this bill marks a victory for design professionals in Minnesota, due in large part to the tax credit for historic building renovation. Studies have shown that tax credits for historic preservation encourage economic development and result in increased business investment in redeveloped areas.

For more information, contact Angie Taylor, director, State Relations, or listen to a podcast with Governor Pawlenty.

   
 

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