CLARKSBURG — Clarksburg City Manager Martin Howe has been participating in a coalition called Revitalize West Virginia’s Downtowns. The coalition advocates an increase in tax credits from 10 percent to 25 percent, which Howe said would make historic commercial districts more attractive to developers, including districts like the ones in Clarksburg, Shinnston and Salem.
“It’s a financial incentive for developers to invest in West Virginia,” Howe said. “It puts us on equal footing with our surrounding states like Ohio, Pennsylvania and Virginia, which already offer 25 percent.”
Howe said the credits would help attract private capital to revitalizing downtown historic districts and close the financial gap between the bank and total development costs.