Business & Redevelopment Resources
Federal Tax Credits
The Federal Historic Preservation Tax Incentives program encourages private sector investment in the rehabilitation and re-use of historic buildings. It creates jobs and is one of the nation’s most successful and cost-effective community revitalization programs. It has leveraged over $78 billion in private investment to preserve 41,250 historic properties since 1976. The National Park Service and the Internal Revenue Service administer the program in partnership with State Historic Preservation Offices.
A 20% income tax credit is available for the rehabilitation of historic, income-producing buildings that are determined by the Secretary of the Interior, through the National Park Service, to be “certified historic structures.”
Downtown Asheboro Redevelopment Grant Program
The Downtown Asheboro Redevelopment Grant Program is created to spur economic development in Downtown Asheboro Through incentives focused on historic preservation of the architectural character that is unique to Asheboro.
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