Erie County Legislative Chair Savage Calls For Extension of NYS Historic Tax Credit

FOR IMMEDIATE RELEASE

DATE: February 15, 2018  

CONTACT: Erich Weyant| 716-796-1649 | erich.weyant@erie.gov

Erie County Legislative Chair Savage Calls For Extension of NYS Historic Tax Credit

Program is responsible for millions in investment and thousands of jobs in Western New York

Erie County, NY – Erie County Legislative Chair Peter Savage introduced a resolution today in support of extending New York State’s Historic Tax Credit. The credit, which was signed into law by Governor Cuomo in 2013, is scheduled to expire at the end of 2019. The measure has enabled the investment of millions of dollars into more than fifteen local construction projects in recent years. These ventures have in turn generated more than 6,000 high-paying construction jobs.

“The Historic Tax Credit has helped drive the renaissance we are experiencing in Western New York,” said Legislator Savage.  “I am requesting that the credit be reauthorized immediately. Doing so will enable projects, such as the redevelopment of 155 Chandler Street in Black Rock, to move forward without delay. Rehabilitating these historic buildings takes years of planning, and it is essential that we continue to offer programs that assist in leveraging private sector investment.”

The resolution passed unanimously, and certified copies will be transmitted to New York State officials for consideration.

###

Legislator Savage

Contact

Phone: (716) 832-0493
Fax: (716) 832-0494

Legislator Peter J. Savage, III - District 3
1701 Hertel Avenue
Buffalo, NY 14216