1. Safeguarded Cultural Heritage Socio-Economic Impact of Cultural Heritage Assets

2. Economic Development Community Development

3. Heritage Conservation Is the single form of Economic Development that is simultaneously Community (Social) Development

6. The Big 5 Major Measusrables of the Economic Impact of Heritage Conservation Job Creation and Household Income Center City Revitalization Heritage Tourism Impact on Property Values of Local Historic Districts Small Business Incubation

7. Jobs and Household Income

8. Materials Labor Intensity in Historic Preservation New Construction Rehabilitation Labor

10. NORWAY Historic Rehabilitation 16.5% more jobs than New Construction

12. Center City Revitalization

14. $23.3 Billion invested in Physical Improvements 67,000 Net New Businesses 308,370 Net New Jobs 107,179 Building Rehabilitation & Construction Projects Cost per Job Created -- $2,504 Leverage of Public Funds -- $26.67 to $1.00 Preservation Based Economic Development Main Street Over the past 25 years in Main Street Communities

17. Heritage Tourism

19. In Virginia Heritage Visitors: Stay Longer Visit twice as many places Spend 2 ½ Times as much money per trip Than do non-heritage visitors

22. Impact of Historic Districts on Property Values

23. 51.1% 51.9%54.2% 62.8% 66.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% Non-Historic District Newtown Historic District Beverley Historic District Gospel Hill Historic District Stuart Historic District Staunton, Virginia 1987 -- 1995

25. Small Business Incubation

29. Globalization

33. Heritage Conservation as Public Policy

34. Import Substitution

35. Compatibility with Modernization

36. Targeted Areas

37. Geographically Dispersed

38. Range of Project Scales

39. Counter-Cyclical

40. Incremental Change

46. The preservation movement has one great curiosity. There is never retrospective controversy or regret. Preservationists are the only people in the world who are invariably confirmed in their wisdom after the fact. John Kenneth Galbraith

47. Thank you very much