Governor McCrory Highlights Importance Of Historic Tax Credit At BuzziSpace Grand Opening | Eastern NC Now

    High Point, N.C. - Governor Pat McCrory was in High Point today for the grand opening of the North American Headquarters of BuzziSpace, a manufacturer of high-end office furniture. The move, and the 113 jobs and nearly $2 million investment, was announced just 10 months ago. The headquarters will be located and operate out of the old Pickett Cotton Mill in downtown High Point. Governor McCrory used the grand opening to highlight the importance of the Historic Tax Credit, which will sunset at the end of the month.

    "This was my third time at the historic old Pickett Cotton Mill and each time I visit, I see the mill and surrounding areas starting to rebound because of the impressive investment from BuzziSpace," said Governor McCrory. "This area was once booming with a flurry of activity but has sat idle for decades until now, thanks to BuzziSpace. Secretary Susan Kluttz and I want to mimic what we see here today across the state, and that's exactly why the historic tax credit is so important to North Carolina."

    Since 1998, federal and state historic rehabilitation tax credit projects have brought nearly $1.5 billion of private investment into North Carolina through an impressive 2,483 projects. Historic rehabilitation projects have taken place in 90 of our 100 counties, from rural to suburban communities.

    "Historic preservation incentives are critical to the rebirth of rural and urban downtowns," said Susan Kluttz, secretary of the N.C. Department of Cultural Resources. "Jobs are created and economic development occurs when abandoned buildings are reborn into apartments, shops and business spaces. We've seen this happen across North Carolina, in both small towns and large cities. These incentives also preserve our unique history and community fabric."

    The Fayetteville Observer and Winston-Salem Journal recently highlighted the importance of the historic tax credit. Below are highlights from editorials.

Fayetteville Observer: McCrory right to seek restored tax credits


Winston-Salem Journal: Preservation tax credits: McCrory right on retaining them

• Contact: Crystal Feldman
•     govpress@nc.gov