Performance Measure
Agency
Measure Name
Amount of private investment (in millions of dollars) leveraged rehabilitation tax credits to reuse historic buildings and stimulate local economies
Measure Last Modified
May 22 2017 01:55
Measure Last Published
Jul 06 2017 11:54
Measure Status
Active
Data Source and Calculation

Agency records on the monetary value of rehabilitation projects leveraged by state and federal rehabilitation tax credits and certified through Department of Historic Resources assistance as meeting Secretary of Interior Standards. The measure indicates both the impact of the Virginia tax credits and the overall contribution of this program to historic preservation and economic development. Results are shaped by economic factors above and beyond the effectiveness of agency educational and technical assistance efforts. Both the number and dollars leveraged through state and federal tax credits remain the best measures of the impact that this program has both on significant historic resources and on economic development. Targets are projected from the estimated costs of projects "in the pipeline" for which property owners and developers have already submitted plans. 

Enterprise Priorities and Strategies
Enterprise InitiativeEnterprise PriorityEnterprise Strategy
EconomyBusiness Climate and Economic DevelopmentPromote Virginia’s competitive business climate to maintain the designation as the best state for business.
Associated Service Areas
SA CodeSA Name
50205Historic Resource Management
Measure ID42350205.002.002
Measure ClassOther Agency
Measure TypeOutcome
Year TypeState FY
Preferred TrendStable
FrequencyAnnually
Statistical UnitDollar Value
Baseline and Targets
Target NameDateResultNote
Baseline
Short Target 201806/30/2018250
Long Target 202006/30/2018250
Measure Results
YearResultExplanatory Note
2002123.00
2003132.00
2004147.00
2005205.00
2006285.00
2007287.00
2008331.00
2009535.00
2010273.00Post 2009 declines reflect the impact of economic uncertainties on new projects that started to affect the total number and size of projects beginning in 2007.
2011225.19
2012249.71
2013241.25
2014223.25
2015366.98
2016358.09
2017302.28
2018
- Run Date: 10/22/2017 05:08:21