McCrory to tout tax credit program in Mooresville

Mooresville Mayor Miles Atkins
Mooresville Mayor Miles Atkins

Gov. Pat McCrory and Susan Kluttz, N.C. secretary of cultural resources, will visit a historic building in Mooresville on Friday that benefited from the state’s recently expired historic preservation tax credit program.

Keeping the program is a top priority of the governor, and Kluttz has pushed it across the state.

A scaled-back version of the program was included in the House budget. The Senate’s budget comes out next week, and backers of the program fear the Senate’s plan won’t include the tax credits.

At 2 p.m. Friday, McCrory, Kluttz, Mooresville Mayor Miles Atkins and other local leaders are scheduled to visit a building at 133 N. Main St. that received tax credits under the program.

They also will visit historic buildings housing D.E. Turner Hardware, The Enchanted Olive and Epic Chophouse.

“The Historic Tax Credits brought jobs and economic development to rural towns and big cities across North Carolina,” Kluttz said in a statement. “The rebirth of one abandoned downtown building has a ripple effect throughout a community and often sparks a renaissance of development in nearby structures.

“In addition,” she said, “these historic buildings and mills are an emotional tie to our heritage and exemplify what makes North Carolina unique. These credits are critical for North Carolina’s economic recovery.”

Historic preservation tax credits have been used in 90 of the state’s 100 counties, Kluttz said.

Since 1998, more than 2,400 historic preservation tax credit projects have been completed statewide, bringing more than $1.6 billion of private investment into N.C. communities, she said.

The program ended on Dec. 31, 2014.

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Twitter: @jmarusak