Preservation stimulates community revitalization, heritage tourism, job creation, improved quality of life, greater shared knowledge about our past, and strengthened regional identity and local pride. The federal government helps promote preservation in local communities by researching preservation’s benefits, developing policies that foster such benefits, and providing financial and technical assistance.
Measuring Economic Impacts
In 2013, the ACHP issued a report, Measuring Economic Impacts of Historic Preservation. Commissioned by the ACHP, with funding assistance from the U.S. Department of Commerce, Economic Development Administration, the report identifies and analyzes methods for measuring the economic impacts of historic preservation. The report focuses on such economic indicators as jobs and household income, property values, heritage tourism, sustainable development, and downtown revitalization, and recommends ways to improve our understanding of how preservation activity supports economic vitality. Links to other studies of preservation's economic benefits are available below under Related Resources.
Rightsizing and Revitalization
In 2011, ACHP Chairman Milford Wayne Donaldson, appointed a task force of federal agencies and select ACHP members to address the issue of "rightsizing." Rightsizing as defined by the ACHP is the redevelopment of a community in response to prolonged job and population loss, housing vacancy and abandonment, and deterioration of infrastructure, all of which create challenges in the management of stabilization and reinvestment efforts in existing neighborhoods.
In March 2014, the Rightsizing Task Force published Managing Change: Preservation and Rightsizing in America, a report addressing rightsizing and historic preservation in America's legacy cities.It offers community leaders, local stakeholders, and government agencies valuable suggestions on using historic preservation tools and techniques that have proven effective in managing change and building strong, resilient communities.
The report informs citizens, non-profits, and government officials about the important role federal agencies play in assisting communities to address rightsizing. The report also includes a list of federal programs and major foundations that may provide assistance to local governments for transformation initiatives.
Building on the research and conclusions of the Managing Change report, the ACHP issued its Policy Statement on Historic Preservation and Community Revitalization in 2016.