The Herald-Dispatch: Raising Historic Tax Credit Would Aid Economy

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By Alex Vence, Huntington City Council District 3

A local investors group’s idea of trying to attract 500 retirees to live in Huntington over the next several years has plenty of potential benefits to the city, if their vision pans out.

More people spending money here. Reinvestment in numerous historic buildings in the downtown, many of which are severely underutilized at the moment. An increase in tax revenue for financially strapped local governments. And more residents to help counter West Virginia’s declining population.

All of those results envisioned by the group called Retire Huntington, whose plans were detailed in Sunday’s edition of The Herald-Dispatch, could do much to boost the local economy.

But to help make their vision happen, investors Bob Childers, John Hankins, Alex Vence and Jeff Barnes say they need some help from the West Virginia legislature. Let’s hope that help is forthcoming.

Read the full story at www.herald-dispatch.com.

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