Business Owners and Advocates Support the Historic Tax Credit


We, as business owners, organizations, and residents of Minnesota, are gravely concerned about the potential blockage of the extension for Minnesota’s Historic Tax Credit by leaders at the Capitol. As Minnesota recovers from job losses sustained from the COVID-19 pandemic, we need every tool available to invest in our infrastructure and the jobs required to build and maintain our towns and cities. The proven record of the Historic Tax Credit is indisputable, for every $1.00 invested, $9.50 is generated for Minnesota, totaling $3.5 billion since 2010.

Now, members of the legislature are in budget negotiations, and are seriously considering not extending this proven tool, citing budget constraints. We know the impact Historic Tax Credit projects have on our towns and cities, creating jobs before and after construction, supporting local and small businesses, and preserving Minnesota’s most historic, and iconic, buildings. We are disheartened that the economic benefits - 18,650 jobs in the past 10 years alone - for Minnesotans are not centered in budget discussions, especially given the statewide successes and broad, bipartisan support. If the Historic Tax Credit is allowed to sunset, Minnesota will fall behind our neighboring states, like Illinois, Iowa, and Wisconsin who have protected their Historic Tax Credits as well as the 38 other states who have maintained their Historic Tax Credits, like Mississippi and Louisiana.

Majority Leader Gazelka, Speaker Hortman, and Governor Walz, please listen to constituents throughout the state and extend Minnesota’s Historic Tax Credit.

Signed,

Heidi Swank, Rethos, Saint Paul

Chris Sherman, Sherman Associates, Minneapolis

Steve Knight, Weis Builders, Minneapolis

Peter Noonan, Commerce Bank, Edina

JeriLynn Young, U.S. Bancorp Community Development Corporation

Elizabeth Gales, Hess Roise and Company, Minneapolis

Carter Vargo, RJM Construction, Golden Valley

Brent Rogers, Saturday Properties, Saint Louis Park

Brian & Kent Roers, Roers, Minnetonka

Don Kohlenberger, Hightower Initiatives

Gary Thaden, Minnesota Mechanical Contractors Association, Minnetonka

Gary Thaden, Minnesota Contractors of National Electrical Contractors Association, Saint Paul

Andy Swartz, Blumentals Architecture, Inc, Minneapolis

Meghan Elliott, New History, Minneapolis

Kevin W. Howat, NAIOP Minnesota, Minneapolis

Mary-Margaret Zindren, AIA-MN, Minneapolis

Harry Melander, Minnesota State Building and Construction Trades Council, Saint Paul

Barb Lau, Association of Women Contractors, Saint Paul

David Ybarra, Minnesota Pipe Trades Association, Zumbrota

Tim Worke, Associated General Contractors of MN, Saint Paul

Erik Hansen, Burns and Hansen, Minneapolis

Tony Simmons, The Simmons Group, Minneapolis

Collin Kaas, Kaas Wilson Architects, Bloomington

Wendy Ethen, Guaranty Commercial Title, Inc, Minneapolis

Paul Warshauer, Grande Venues, Sleepy Eye

Jane Bisel, Blue Planet Museum Consulting, LLC, Rochester

Michelle Dreier, Electrical Association, Minneapolis

Ryan Sailer, Timberland Partners, Minneapolis

Patrick Wolf, Enhanced Historic Credit Partners, Saint Louis Missouri

Adam Duininck, North Central States Regional Council of Carpenters,

Saint Paul

Paul Halonen, B&P Drywall and Construction, Dassel

Traci and Hunter Downs, CMD Holdings, LLC, Rochester

Chris Webley, NEW RULES, Minneapolis

Kristen Olson, Major Mechanical LLC, Maple Grove

Mike Benike, Benike Construction, Rochester

Phil Waugh, LHB, Inc, Minneapolis

Matthew Legge, Polaris Properties, Minneapolis

Grant Carlson, Blue Limit LLC, Minneapolis

Jude Homola, Windsor Engineers, Duluth

Jon Commers, Visible City, Saint Paul

Bridget A. Hust, Hust Law, Minneapolis

JoAnna Hicks, Element Commercial Real Estate, Minneapolis

Merrie Sjogren, Eddie Landenberger, Beth Pfeifer, Assembly MN, Minneapolis