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Clemson University

2014

Historic mill

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The Mills Bill: An Economic Impact Study Of The North Carolina State Historic Mill Rehabilitation Tax Credit, Erin Elizabeth Morton May 2014

The Mills Bill: An Economic Impact Study Of The North Carolina State Historic Mill Rehabilitation Tax Credit, Erin Elizabeth Morton

All Theses

The textile, tobacco, and furniture industries in North Carolina suffered a significant loss of revenue and jobs in the 1990s. As production migrated to cheaper locations overseas, communities throughout the state faced the collateral challenge of finding new uses for hundreds of large, empty mill buildings. To encourage redevelopment of the state's vacant mills, North Carolina's legislature created a tax credit program that targeted mills and other similar industrial properties. This thesis quantifies the economic successes of the state's mill rehabilitation tax credit. Building on equations and assumptions from Becky Holton's 2008 IMPLAN software model, this ...