ECONOMIC IMPACT REPORT

A Study on the Economic Impacts of Historic Preservation in Rhode Island

In 2017, Preserve Rhode Island and the Preservation Society of Newport County commissioned a study of the economic impacts of historic preservation in Rhode Island. Conducted by PlaceEconomics, the study looks at four key area of preservation: heritage tourism, historic tax credits, quality of life and sustainability.

 

Released on March 21, 2018, the study's findings reinforce Preserve Rhode Island's long-held position on the significant role historic preservation plays in the state's economy. 

A few highlights from the report:

  • 9.8 million heritage visitors come to Rhode Island each year and contribute nearly $1.4 billion to the state's economy

  • 326 historic buildings have been rehabilitated in 26 of Rhode Island's 39 communities using state Historic Tax Credits

  • 56% of Rhode Island's population growth since 2000 has occurred within local historic districts

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The study is funded by the van Beuren Charitable Foundation, the Rhode Island Historical Preservation & Heritage Commission, and the National Trust for Historic Preservation.